Quick idea.
After finding some decent support near the 0.8896 hurdle, AUDCAD moved back up, closer to the 200 EMA on the 4-hour chart. The rate is currently getting a hold-up around there. We need a clear break through one of the highlighted areas first, before we could examine a further directional move.
Please see the chart for details.
Don't forget your stop-loss.
After finding some decent support near the 0.8896 hurdle, AUDCAD moved back up, closer to the 200 EMA on the 4-hour chart. The rate is currently getting a hold-up around there. We need a clear break through one of the highlighted areas first, before we could examine a further directional move.
Please see the chart for details.
Don't forget your stop-loss.
Note
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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.