🎗 AUD/CAD Setup
🗨Time Frame : 4hrs Chart
(🖇️Direction : Long )
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🗒 Going over my work means something to me We are all here to learn
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🧾 : WHY IS AUDCAD GOING UP?
If Australia's economy performs well, this could lead to increased demand for the Australian dollar. This could create price increases for AUDCAD as AUD becomes worth more than CAD. Australia and Canada are both significant exporters of commodities such as oil, gold and metals. If the prices of these commodities rise, it may benefit the respective currencies (AUD and CAD) and increase the value of AUDCAD.
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➕Bullish Break
0.88375 Area
Reasons
Major Turn level / M
Y / W Low Area
Quarter's Area
Visible Range Lvn
Monthly High Break
➖Bearish Reversal
0.90800 Area
Reasons
Major Turn level / M
Q High Area
Visible Range Lvn
Pitchfork Area
Choch Area / W
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🗨Time Frame : 4hrs Chart
(🖇️Direction : Long )
------
🗒 Going over my work means something to me We are all here to learn
------
🧾 : WHY IS AUDCAD GOING UP?
If Australia's economy performs well, this could lead to increased demand for the Australian dollar. This could create price increases for AUDCAD as AUD becomes worth more than CAD. Australia and Canada are both significant exporters of commodities such as oil, gold and metals. If the prices of these commodities rise, it may benefit the respective currencies (AUD and CAD) and increase the value of AUDCAD.
——————————
➕Bullish Break
0.88375 Area
Reasons
Major Turn level / M
Y / W Low Area
Quarter's Area
Visible Range Lvn
Monthly High Break
➖Bearish Reversal
0.90800 Area
Reasons
Major Turn level / M
Q High Area
Visible Range Lvn
Pitchfork Area
Choch Area / W
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