As per my previous AUD/CAD analysis, the pair corrected to 50%
Fibs (0.9975) applied to the channel breakout point providing a good
opportunity to buy this pair. Consider holding long position to target either
23.6% (1.0060) or 0% Fibs (1.0140). The stop loss should be just below 61.8%
level (0.9935)

Support: 0.9975, 0.9935

Resistance: 1.0015, 1.0060, 1.0140


The material has been provided by InstaForex Company –

Learn the Art of Trading

Earning Consistent Profits As a Trader Is Not As Easy As Many People Would Have You Believe. Join This Mailing List To Learn The Art of Trading for Free.

You have Successfully Subscribed!

Pin It on Pinterest

Share This

Please sharing

Please share this post with your friends!