AUDCAD is within the range. The price is heading towards support within the local distribution. There may not be enough potential for a breakdown of support...Against the backdrop of the strengthening Canadian dollar, the currency pair is ready to test consolidation support. The price has no clear trend, consolidation is forming in the range of 0.891 - 0.885. The price is heading towards support, there is no pre-breakout base, the level is quite strong and the distribution may end with a false breakdown and a rebound...
Support levels: 0.8858
Resistance levels: 0.8878, 0.8897
Below the level of 0.8858, there is a fairly large liquidity reserve, and there is no global trend, which means a neutral situation. Retesting the support zone after a sharp decline may end in a false maneuver and growth.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.