AUDCAD: growth or correction?
Let's look at this pair at a smaller timeframe to predict the nearest movement. It can be seen that the price has been falling in a downtrend since February this year. Within the trend, periods of price collapses are clearly visible after each of which the price showed an increase (sometimes with corrections).
Recently the price bounced off the 0.953 support and started to rise. It can be expected that it will complete the rise at the resistance of 0.962.
SL - 0.956.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Recently the price bounced off the 0.953 support and started to rise. It can be expected that it will complete the rise at the resistance of 0.962.
SL - 0.956.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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