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Australian Dollar/Canadian Dollar
Long

AUDCAD: Trading Plan For Today 🇦🇺🇨🇦

501
snapshot

AUDCAD is approaching a key horizontal daily support.

Testing that the price formed a double bottom formation on 1H time frame.

0.9 - 0.9002 is its neckline.
If the price breaks and closes above that on an hourly,
I will expect a bullish continuation.

Goals will be 0.9023 / 0.904

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AUDCADCADcanadiandollarDouble Top or BottomMultiple Time Frame AnalysispriceactionpriceactionanalysispriceactionstrategypriceactiontradingSupport and Resistance

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AUDCADCADcanadiandollarDouble Top or BottomMultiple Time Frame AnalysispriceactionpriceactionanalysispriceactionstrategypriceactiontradingSupport and Resistance
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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.