Quick idea.
After finding some decent support near the 0.8896 hurdle, AUDCAD moved back up, closer to the 200 EMA on the 4-hour chart. The rate is currently getting a hold-up around there. We need a clear break through one of the highlighted areas first, before we could examine a further directional move.
Please see the chart for details.
Don't forget your stop-loss.
After finding some decent support near the 0.8896 hurdle, AUDCAD moved back up, closer to the 200 EMA on the 4-hour chart. The rate is currently getting a hold-up around there. We need a clear break through one of the highlighted areas first, before we could examine a further directional move.
Please see the chart for details.
Don't forget your stop-loss.
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