AUD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.90725, 0.90943, 0.91000.
Key Support Levels: 0.90372, 0.90257, 0.90177.
1-Hr Time Frame:
The price on the higher time frame posted a double bottom pattern and moved to the upside where it succeeded to break the bearish trendline to the upside. The market as well managed to break a strong resistance line around the 0.90373 CAD mark which could lead to a further movement to the upside.
AUD/CAD Medium-Term Trend: Bullish
15-Mins Time Frame:
On the lower time frame, the buyers succeeded to move the price higher every time it reaches the bullish trendline. A series of higher highs and lows has been posted signaling that we are in a clear upward movement. A lower correction could be seen before a new bullish impulsive wave.
Buy Market Order @ 0.90386
TP 1 @ 0.90725
TP 2 @ 0.90943
Stop Loss @ 0.90218
Trade Safely 🙂