AUDCAD 09 03 2021
#AUDCAD
At the end of last week, the price dropped from the resistance line at 0.987 and came to the resistance zone at 0.973. This zone has formed at the intersection of the level and the resistance line since July 2019. The price made a small correction near this zone and broke through it. Now she is in the process of falling from the resistance zone. This breakout is quite important because after it the price continued to fall. And I expect it to fall to the support zone formed in September last year. So my target is the 0.958 support zone.
#AUDCAD
At the end of last week, the price dropped from the resistance line at 0.987 and came to the resistance zone at 0.973. This zone has formed at the intersection of the level and the resistance line since July 2019. The price made a small correction near this zone and broke through it. Now she is in the process of falling from the resistance zone. This breakout is quite important because after it the price continued to fall. And I expect it to fall to the support zone formed in September last year. So my target is the 0.958 support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.