Market Instrument: AUDCAD
Timeframe: H4
Analysis: Technical
Structure: Support and Descending Channel
Prediction: Bullish
Price approaching a very important support level holding at 0.8986 where the price is falling and moving inside a descending channel where this can utilize the bears for a reversal to the upside after visiting this key support and by forming a reversal with a strong bullish breakout on the upper boundary of the channel formed.
Timeframe: H4
Analysis: Technical
Structure: Support and Descending Channel
Prediction: Bullish
Price approaching a very important support level holding at 0.8986 where the price is falling and moving inside a descending channel where this can utilize the bears for a reversal to the upside after visiting this key support and by forming a reversal with a strong bullish breakout on the upper boundary of the channel formed.
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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.