AUD CAD may rally towards 0.97500; Major Support was respected
AUD CAD broke a major key level @ 0.95000 on 21-07-2020. This level has been re-tested on friday. So we came to a conclusion that the price can test the next major resistance @ 0.97500. The trendline was also respected. We can expect the bulls taking charge of this pair next week.
Trade active
We recommend a buy position with a stoploss below the trendline.
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.
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.