AUDCAD – Buyers trending caught between daily channel
AUDCAD – Buyers trending caught between daily channel
Trend: Strong Buy
Support/Resistance:
R3: 1.09128
R2: 1.08901
R1: 1.08635
S1: 1.08206
S2: 1.07998
S3: 1.07798
Price action:
Buyers are showing strong performance. From previous day price touched high level and rebounded from overall daily channel. Price did a faker but still might go long position, because daily candle was closed above 1.08206 level.
Potencial trade idea:
Bulls targets:
T1: 1.08635
T2: 1.08901
T3: 1.09128
Bears targets:
T1: 1.07998
T2: 1.07798
NOTE – We are trading AUDNZD via the preferred trading setups
ELITEFXACADEMY
Trend: Strong Buy
Support/Resistance:
R3: 1.09128
R2: 1.08901
R1: 1.08635
S1: 1.08206
S2: 1.07998
S3: 1.07798
Price action:
Buyers are showing strong performance. From previous day price touched high level and rebounded from overall daily channel. Price did a faker but still might go long position, because daily candle was closed above 1.08206 level.
Potencial trade idea:
Bulls targets:
T1: 1.08635
T2: 1.08901
T3: 1.09128
Bears targets:
T1: 1.07998
T2: 1.07798
NOTE – We are trading AUDNZD via the preferred trading setups
ELITEFXACADEMY
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.