The price broke the descending channel to the upside. the AUDCAD is Bullish in a medium-term trend. so I expect AUD will be going up and the first target will be 0.92700.
My attention is on the support of 0.91660. If this support is broken, the price will continue to move towards 0.91500 and 0.91200. Another scenario is that if this support is not broken, the price will move to the resistance of 0.91900.
I think the price will be going up to 157.350 or 157.500 then the price will go down and the next target will be 156.770.
156.770 is strong support but I think if this level is broken the price will be going down to 156.150.
Gold swings between pivot points of 1776 and 1789.
If the resistance of 1789 is broken, gold will continue to move towards 1800, but if the support of 1776 is broken, we will receive a signal of decline and the next targets will be 1767 and 1761.
It seems that we have to wait until the situation is verified.
#XAUUSD #Gold The price of 1951.02 is a critical point. If this support is broken, the targets of 1943.14 and 1935.27 will be the next targets, but if this point acts as a strong support, the price will move to 1958 and 1960.77.
#XAUUSD #Gold The price of 1951.51 is a critical point. If this support is broken, the targets of 1943.14 and 1935.27 will be the next targets, but if this point acts as a strong support, the price will move to 1958 and 1960.77.
Offer: Buy above 42.8 with a first profit of 43.45 and a second profit of 43.6
Alternative offer (in case of price trend change) When the price penetrates below 42.8, the price starts moving towards 42.6 and then 42.35.
Resistance points
43.75
43.6
43.45
Support points
42.8
42.6
42.35
There will probably be a return to the targets of 2040, 2044 and 2049. After that we will have compression on the average lines in times M15 and M30 and it remains to be seen whether trend will be changed.
Once the trend is determined, it will be the best signal to enter to proceed with the trend.
