AUDCAD is approaching midpoint bullish run expected
Updated
AUDCAD is falling towards midlevel 50% Fibonacci level, AUD weakness after the RBA interest rate hike with dovish statement which led to the downfall in AUDCAD and yesterday USD strength is also a another factor for the downward correction in AUDCAD. If risk trades getting traction this pair will bounce from .87450 level the possible upper side target will be .89000. Stop lose may set below the .87000 level will give us 3.88 Risk reward ratio. Happy trading
Trade active
Still we are expecting that the price will reach the midpoint
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.