AUDCAD / H4 / Daily Forex Technical Analysis / 4.16.2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 16th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Looking at the 4 hour time frame, we are looking for a retest of the .95689 area to look for possible long entry. Entry for a Long position near the .95689 area, with a Stop Loss near the .95512, could yield a profitable trade with a 2 to 1 R/R. Also keep in mind traders if we take out the local high there is room to run to the next area of support and resistance which would be near the .9630 area and breaking that region would put our next target level near our marked area .96558. We are so humbled to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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