AUDCAD Update – April 23
We got the clean pullback to 0.88139, which held beautifully and gave the bullish continuation we expected. However, price is stalling now at the key level of 0.88879.
A break above this opens up a 60-pip move to 0.89509.
We're also pressing against the top of the daily trendline structure. Watch for either a breakout or a strong rejection from this zone.
Keep this pair on your watchlist—next move is critical.
We got the clean pullback to 0.88139, which held beautifully and gave the bullish continuation we expected. However, price is stalling now at the key level of 0.88879.
A break above this opens up a 60-pip move to 0.89509.
We're also pressing against the top of the daily trendline structure. Watch for either a breakout or a strong rejection from this zone.
Keep this pair on your watchlist—next move is critical.
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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.