AUD/CAD Analysis new update chart.
The AUD/CAD pair has been in a downtrend for over 3 months. Prior to a trend reversal, we consistently took selling positions. However, if the pair breaks above the trend line, we should consider taking buying positions.
NEWS
The Australian dollar is poised for growth, particularly against the Canadian dollar (AUD/CAD) and Chinese yuan (AUD/CNY). Analysts cite improving domestic conditions, robust labor markets, and Australia's strategic role in supplying high-grade commodities to China as key drivers.
Target Trade
0.88900
0.88300
Key facts
1: down trend.
2: higher low & lower low position.
3: River pattern strategy.
It's my take. What you think about AUD/CAD pair, write in comment section below. Thanks
NEWS
The Australian dollar is poised for growth, particularly against the Canadian dollar (AUD/CAD) and Chinese yuan (AUD/CNY). Analysts cite improving domestic conditions, robust labor markets, and Australia's strategic role in supplying high-grade commodities to China as key drivers.
Target Trade
0.88900
0.88300
Key facts
1: down trend.
2: higher low & lower low position.
3: River pattern strategy.
It's my take. What you think about AUD/CAD pair, write in comment section below. Thanks
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.
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.