Australian dollar / Canadian dollar
Technical analysis is positive on several frames:
1- The daily FRAME:
The pair is currently at a strong demand area between the level of 0.9250 and the level of 0.9300, and it represents a good support area as well, which has pushed the price to large levels, so on a daily basis we target the purchase of the target 0.9750
2- 4 hour frame:
The pair formed on the four-hour frame a harmonic pattern (AB=CD) and the price rebounded at point D with rather high momentum, so we will target the purchases to target 0.9600
3- 1H frame:
The pair walked in a semi-sideways movement, forming a price channel that contains a false breakout and a return to the channel with high momentum or what is known as the (spring), so we will target short-term purchases to target 0.9500
Technical analysis is positive on several frames:
1- The daily FRAME:
The pair is currently at a strong demand area between the level of 0.9250 and the level of 0.9300, and it represents a good support area as well, which has pushed the price to large levels, so on a daily basis we target the purchase of the target 0.9750
2- 4 hour frame:
The pair formed on the four-hour frame a harmonic pattern (AB=CD) and the price rebounded at point D with rather high momentum, so we will target the purchases to target 0.9600
3- 1H frame:
The pair walked in a semi-sideways movement, forming a price channel that contains a false breakout and a return to the channel with high momentum or what is known as the (spring), so we will target short-term purchases to target 0.9500
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.