Trading slightly off the acending channel and being support by EMA line on Weekly timeframe, thus it looks like chances of reversing at current level are quite high.
Just mind that we still trading below EMA lines on Daily timeframe and that is bearish scenario for the AUD vs CAD.
Failing to resume the ascending channel would probably led the AUD to a 0.9250 level.
Just mind that we still trading below EMA lines on Daily timeframe and that is bearish scenario for the AUD vs CAD.
Failing to resume the ascending channel would probably led the AUD to a 0.9250 level.
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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.