AUD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.9252, 0.9305, 0.9368
Key Support Levels: 0.9170, 0.9098, 0.9055
The price on the higher time frame has been moving recently in a higher-high, higher-low formation with a support level maintained at the trendline. The pair previously faced rejection at 0.9168 level and was rejected from there. As of now, that level has been broken and there is good momentum in the move.
AUD/CAD Medium-Term Trend: Bullish
On the lower time frame, the price has shown a similar move as the daily chart, higher-high, higher-low formation, has broken a resistance zone and has sustained above that point. The Australian dollar has been in an uptrend recently and the Canadian dollar is bearish.
Buy Stop Order @ 0.9195
TP 1 @ 0.9229
TP 2 @ 0.9265
Stop Loss @ 0.9167
Trade Safely 🙂