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AUD/CAD Potential Upward Movement

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 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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