AUDCAD is expected to move within a trading range between 0.887 and 0.9 during AUG 2022. Possible rebound expected around 0.887 & 0.883 aiming at 0.897. Although we assume neutral bias, however the risk might be a directional move toward 0.874.
AUDCAD is expected to move within a trading range between 0.887 and 0.9 during AUG 2022. Possible rebound expected around 0.887 & 0.883 aiming at 0.897. Although we assume neutral bias, however the risk might be a directional move toward 0.874.
If price trades below 134.2, it is likely to maintain bearish bias. Support is seen around 132.5
EURCAD is likely to rebound toward 1.32 if price reaches around 1.3. if price holds above 1.297, it suggests possible short-term bullish bias.
EURAUD moves toward 1.485 as long as rate trades above 1.465
If ongoing bearish sentiment continue, 156.6/158 zone offers a solid support. If 156.6 holds, rate can recover to 164 by the end of Aug.
If rate holds above 1.21, it suggests a bullish bias toward 1.24
EURCAD has likely bottomed out around 1.297. If this level holds, It is expected to move toward a zone between 1.33 and 1.34.
EURUSD is likely to move toward 1.07 by the end of AUG 2022.
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