AUDCAD target reached with more upside momentumtradingview.sweetlogin.com
AUDCAD achieved our bullish target last week at 1.02542 for a total of 227 pips. However the outlook is still bullish and we believe more upside momentum is to come. Target is 1.03681 first. Price close below 1.00984 will invalidate this view.
Tradingedge
After being rejected by weekly resistance - What's next?$EURUSD attempted rally last week was answered by strong selling near weekly resistance.
In this week's Weekly Markets Analysis I discuss about to possible trading scenarios for the $EURUSD:
1. Bullish - AB=CD aggressive buy setup
2. Bearish - Trend continuation towards 78.6 Fibonacci level.
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Also setups for $AUDJPY, $EURNZD and $AUDCAD
Bullish setup in $ANR?Double bottom with strong bullish divergence.
Daily trading channel that can act as possible Wedge reversal.
Potential targets are marked in the chart as resistance zones.