AUSTRALIAN DOLLAR / CAX forum
0.89500
TP : 0.89100
Sl : 0.89800
tp 0.89150
sl 0.89650
1. Daily Timeframe: Bullish daily candle closed after sweeping the previous day’s sell-side liquidity — indicating a strong rejection and potential shift in momentum.
2. 4H Structure: Price closed decisively above the key support/resistance level at 0.89300, confirming a break and potential continuation.
3. Daily Imbalance: A breakaway fair value gap (FVG) remains unfilled, with buyers showing strong intent by driving price higher — suggesting bullish pressure is still active.
4. Intraday Confirmation: Both 1H and 15M charts show breaker blocks and fair value gaps being filled, aligning with bullish targets and providing refined 15 min kill zone.
Happy trading peeps! 🐥
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tp 0.89200
sl 0.89450
AUDCAD: Bullish Target Ahead of BoC
The AUD/CAD pair currently sits around 0.89070, with eyes on a Take Profit (TP) of 0.89500. This upside target is largely contingent on the Bank of Canada's (BoC) rate decision on July 30th.
Should the BoC strike a dovish tone or even hint at further cuts, it could weaken the CAD, propelling AUD/CAD towards the 0.89500 resistance. This offers a potential trading opportunity, but remember that central bank announcements can cause significant volatility, so careful risk management is essential.
The AUD/CAD pair currently sits around 0.89070, with eyes on a Take Profit (TP) of 0.89500. This upside target is largely contingent on the Bank of Canada's (BoC) rate decision on July 30th.
Should the BoC strike a dovish tone or even hint at further cuts, it could weaken the CAD, propelling AUD/CAD towards the 0.89500 resistance. This offers a potential trading opportunity, but remember that central bank announcements can cause significant volatility, so careful risk management is essential.