AUD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.91905, 0.92048, 0.92359
Key Support Levels: 0.91536, 0.91373, 0.91117
Daily Chart:
The price on the higher time frame has recently been in an uptrend after it tested a support level of 0.88122 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
AUD/CAD Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.91117 and 0.91373 and has sustained above that. As of now the pair has broken a minor level of 0.91536 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 0.91692
TP @ 0.91878
Stop Loss @ 0.91506
Trade Safely 🙂