AUDCAD Weekly Analysis
On the weekly timeframe, AUDCAD has reached a key area where a retracement is anticipated. The 0.168 Fibonacci level has been identified as a possible pullback zone, indicating a chance for price to consolidate or reverse. This level could act as a temporary support or resistance, providing an opportunity to re-evaluate trade entries and exits. Watching how price behaves around this level can give insights into the strength of the current trend and potential setups for a continuation or reversal
On the weekly timeframe, AUDCAD has reached a key area where a retracement is anticipated. The 0.168 Fibonacci level has been identified as a possible pullback zone, indicating a chance for price to consolidate or reverse. This level could act as a temporary support or resistance, providing an opportunity to re-evaluate trade entries and exits. Watching how price behaves around this level can give insights into the strength of the current trend and potential setups for a continuation or reversal
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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.
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.