Yesterday was largely bearish as AUDCAD failed to break above 0.88453, forming a triple bottom around 0.88000, then bouncing about 40 pips.
Today we’ve seen a clean break of 0.88453, followed by a 1H double top.
I’ll be watching closely for a retest of 0.88453 — if price creates support, I’ll look to enter long:
🥇 First target: recent highs for ~30 pips
🥈 Second target: 0.88983 (~25 more pips)
⚠️ It’s NFP Friday, so I’ll be cautious with entries and avoid overtrading.
Today we’ve seen a clean break of 0.88453, followed by a 1H double top.
I’ll be watching closely for a retest of 0.88453 — if price creates support, I’ll look to enter long:
🥇 First target: recent highs for ~30 pips
🥈 Second target: 0.88983 (~25 more pips)
⚠️ It’s NFP Friday, so I’ll be cautious with entries and avoid overtrading.
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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.