AUD/CAD with strong bullish prospects

AUD/CAD with strong bullish prospects

AUD/CAD continues to trade in a bullish pattern formation at H1 chart, after having found a strong resistance near 1.0148. That’s why we cannot discard the idea of a deep pullback to test the Fibonacci area of 50% at 1.0013, at which the pair could gather momentum in order to ride a bullish structure towards the -23.6% Fibo level at 1.0162. To the downside, a strong dynamic supports lies at the 200-hour moving average.

RSI indicator stays in the positive territory.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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