AUDCAD 19 03 2021
strong resistance zone formed by the level of 0.974 and the line of 0.975. After a false breakout of this zone, the price fell to the 0.964 support line and broke through it. However, almost immediately the price returned to the line and therefore I believe that the breakout was false. Now the price is in the process of correction and I expect that first of all it will touch the support line at 0.965 and only after that it will rise again to the resistance level of 0.974.
strong resistance zone formed by the level of 0.974 and the line of 0.975. After a false breakout of this zone, the price fell to the 0.964 support line and broke through it. However, almost immediately the price returned to the line and therefore I believe that the breakout was false. Now the price is in the process of correction and I expect that first of all it will touch the support line at 0.965 and only after that it will rise again to the resistance level of 0.974.
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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.