iuliansirbu1109

iuliansirbu1109

The AUDCAD pair is in a downtrend. The price retraced to a key level (0.92392-0.92651), which has served on multiple occasions as either support or resistance. Also, the price retraced and rejected from 78.6 FIB level, which serves as another confirmation of short bias. If you want to take this trade, you can enter when the price rejects another time from the...

iuliansirbu1109 Updated 

NZDCAD is in a downtrend (as we can observe, it creates lower lows and lower highs). The price broke the mid-term support zone (0.86160 - 0.86400) and created a lower low after which the price retraced from this impulse down to support turned resistance (0.86160 - 0.86400). This retracement coincides with 61.8% FIB level, which serves as another confirmation of a...