We clearly can see in this picture that after consolidate market start rising the Rsi is already breached level 50 and rising upward the strong confirmation is is macd is leaving it 0 point and tryin to pushing upward and search buy after the buyer can move above that 61.8 fibo line (1.0358).
audcadh4.png
Time Frame:4H
The pair Aud/CAD making a long wixk before the franke opens and looking for trend lines break through possibility is only that as long prices below our ma we still interested to see a bearsih stills runs otherwise if fib levels market more rebounded , we have 1.0536 a good support
audcadh4.png
Time Frame:4H
The pair Aud/CAD making a long wixk before the franke opens and looking for trend lines break through possibility is only that as long prices below our ma we still interested to see a bearsih stills runs otherwise if fib levels market more rebounded , we have 1.0536 a good support
On the hourly chart we can see the uptrend channel is still active there, but a rebounce from the top line of trend channel could make this pair retrace to test demand area on 0.9500 till 0.9478 here. In case the price can breakout 0.9356 then we need to exit from selling position because bullish rally is potential to be happen at that time.
As we can see on this H4 chart, the price still moving inside uptrend channel and rebounced three times from fibo 38.2, so i expect aud/cad is potential continue the bullish trend again for next week trades. But, in case the price can breakout fibo 50 then we need to exit from buying position.
The period AUDCAD daily chart suggests that the pressure to the upside may continue on the pair. The couple can find possible support around 0.95344 while advancing on their way north. The RSI indicator is optimistic and Bollinger Bands indicator suggests possible acceleration in the upward movement of the pair, which may make it possible to move to find resistance around the level of 0.96918, 0.97846 with extension.
From this H4 chart we can see a valid downtrend channel and the price already made a re-test on fibo 38.2. So, a rejection from here will make this pair reverse back and continue bearish next week. At other scenario, we can take long position after the price breakout fibo 61.8 or fibo 100 at that time.
Condition of AUD / CAD pairs no any significant movement and looks sideways,This is shown by the flat trend line channel , at other times if market moves to break one of these lines then there will be the formation of this trend in pairs
The important point to note :
Pivot : 0.9558
Support 1 : 0.9544
Support 2 : 0.9519
Support 3 : 0.9505
The daily chart of AUDCAD seems to suggest that the positive side can prevail even more about the pair. The RSI indicator remains optimistic and above its neutrality area. The duo can find possible resistance level around 0.97846, 0.99230 with extension.
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