Type: Bearish ReversalKey Levels:Resistance: 0.91349Pivot: 0.91066Support: 0.90379Preferred Case:Prices are on bearish momentum. We see the potential for a pullback from our Pivot at 0.91066 which is...
AUDCAD, H4 | Potential Bearish Drop
Type: Bearish ReversalKey Levels:Resistance: 0.92869Pivot: 0.92679Support: 0.9242Preferred Case:Price is abiding to a descending trendline resistance on the daily, signifying an overall bearish...
Aussie Higher Following Hawkish RBA Minutes
Optimistic Tone From RBAThe Aussie Dollar has seen better demand across the early European session on Tuesday following the release of the RBA meeting minutes overnight. The minutes from the bank’s...
Market Spotlight: Trading September CAD CPI
Canadian CPI Up NextThe key data focus heading into today’s US session is the release of September’s Canadian CPI. On the back of the weaker-than-forecast UK CPI today, the market is now eager to see...
Market Spotlight: AUDCAD Threatening Support
AUDCAD To Break Lower?AUDCAD has sat in a block of consolidation along the .9251-.9267 level support for the last month and half now. While the pair recently attempted to break higher, the rally was...
Market Spotlight: AUDCAD Two-Way Play
AUDCAD Testing Major SupportThe decline in AUDCAD over this year has seen price trading down from highs around the 1.0000 level, right down to test major, long-term support at the .9267 level. This...
AUDCAD: Can’t Divide the key Level
The trade war draws in new parties while the trend toward manufacturing independence gradually gains traction. This time, Australian exports of coal to China have caught market attention. Soured...
Summary
AUDCAD reversed nicely....
AUDCAD reversed from resistance, potential drop!
AUDCAD reversed off its resistance at 0.91007 where it could potentially drop further to 0.90541.Trading CFDs on margin carries high risk.Losses can exceed the initial investment so please ensure you...
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