AUDCAD – Buyers still holding position
Trend: Strong Buy
Support/Resistance:
R3: 0.91210
R2: 0.91023
R1: 0.90841
S1: 0.90522
S2: 0.90224
Price action:
Buyers still holding position. From the last swing, buyers tested seller momentum to get answer from bears. Buyers handle price action above support level at 0.90841. If buyers will be enough strong to push price above first resistance level and return it to support, then we can see next targets at 0.91023 level and 0.91210 level.
On the other side, if sellers break support level at 0.90522 then they will continue price downside to level 0.90224.
Potencial trade idea:
Bulls targets:
T1: 0.91023
T2: 0.91210
Bears targets:
T1: 0.90522
T2: 0.90224
NOTE – We are trading AUDCAD via the preferred trading setups
ELITEFXACADEMY
Trend: Strong Buy
Support/Resistance:
R3: 0.91210
R2: 0.91023
R1: 0.90841
S1: 0.90522
S2: 0.90224
Price action:
Buyers still holding position. From the last swing, buyers tested seller momentum to get answer from bears. Buyers handle price action above support level at 0.90841. If buyers will be enough strong to push price above first resistance level and return it to support, then we can see next targets at 0.91023 level and 0.91210 level.
On the other side, if sellers break support level at 0.90522 then they will continue price downside to level 0.90224.
Potencial trade idea:
Bulls targets:
T1: 0.91023
T2: 0.91210
Bears targets:
T1: 0.90522
T2: 0.90224
NOTE – We are trading AUDCAD via the preferred trading setups
ELITEFXACADEMY