AUDCAD Market Outlook | Daily Forex Market BreakdownAUDCAD
Very similar to AUDUSD, we have made a higher high in market structure and we will be needing to come back down and retest lows are some point. Keeping a very sharp eye on AUDCAD. Keep in mind .90 is a strong psychological key level, we are sitting right under that so we could easily wick up and reject off that and roll over to the downside. Patience will be key.
Audcadsetup
AUDCAD - Ascending Wedge / Potential Rejection📢AUDCAD 4H - Technical Breakdown
📈Price action has been trading within an ascending wedge since the large sell-off that saw bears take price levels down to the current range low at 0.80700. Since then price action has re-gained 800 pips to the upside.
📊The current market price is testing the ascending wedge overhead resistance at 0.88670 highlighted within the blue box, as price action looks over-extended it's best to assume a rejection will take place upon market open. A rejection should see price levels return to the support of the ascending wedge resulting in a low risk, high reward swing trade netting in excess of 200 pips.
AUDCAD Technicaly and Fundamentaly forecast
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💡 AUDCAD technicaly indicators showing we can expect higher bulish market continuation, AUD is have rate cut ago 2 days they are stay on same rate 0.25 because rate is not changed that mean we can expect power for AUD, expecting to see push in price till FIBO 0.7 or till last above white trend line.
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AUDCAD LONG! Multiple Opportunities On 4HrPrice is at the moment trading below a trendline that's due for test.
Break of trendline to upside validates upside targets above trendline.
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AUD/CAD BUY SIGNALHey tradomaniacs,
welcome to another free signal!
Type: Daytrade
Notice: Only one position with 3 targets.
Buy-Limit: 0,89370
Stop-Loss: 0,88760
Target 1: 0,89860
Target 2: 0,90245
Target 3: 0,90615
Stop-Loss: 62 pips
Risk: 1-2%
Risk-Reward: 2,0
Waiting for breakout to place buy-limit.
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