AUD/CAD has turned the corner, reversed and is headed back uphill as of the current 4 hour candle. there are three CAD announcements in the am and one AUD in the evening. Will wait to see if these will continue pushing price action in an bullish direction. Looking for .236 Fib @ .8852, then .382 Fib @ .8903, with wishful thinking .500 Fib @ .8944.
AUD/CAD has turned the corner, reversed and is headed back uphill as of the current 4 hour candle. there are three CAD announcements in the am and one AUD in the evening. Will wait to see if these will continue pushing price action in an bullish direction. Looking for .236 Fib @ .8852, then .382 Fib @ .8903, with wishful thinking .500 Fib @ .8944.
Ignored
You are very right.. So I left this thread for others
AUD/CAD has turned the corner, reversed and is headed back uphill as of the current 4 hour candle. there are three CAD announcements in the am and one AUD in the evening. Will wait to see if these will continue pushing price action in an bullish direction. Looking for .236 Fib @ .8852, then .382 Fib @ .8903, with wishful thinking .500 Fib @ .8944.
Ignored
So much for moving upward! Have gone short looking for support around .8700. Not the first time or the last I've been handed my head on a silver platter!
AUD/CAD (4H): the price may soon break the current support and continue its overall downtrend.
Confirmations: lower low + lower high, consolidation at the support.
AUD/CAD (1H): the price may soon break the local support and start a downward movement towards the 0.86000 support area.
Confirmations: lower low, 0.618 Fib correction + lower high.
AUD/CAD (4H): the price is now forming a reversal setup at the resistance zone.
Soon we may see a continuation of the downtrend.
Potential target: 0.85600
AUD/CAD (4H): it looks like the price is going to break through the current support and start a downward movement towards the 61.8% Fibonacci extension area.
Confirmations: lower low, Fib correction, lower high.
AUD/CAD (1H): potential downward movement after breaking through the current support.
Confirmations: lower low, retest, lower high, price action pattern.
AUD/CAD (Daily): the price is in a downtrend, forming lower highs and lows.
The resistance zone has been retested, and now we may see a downward movement towards the 0.85 support zone
The price is now consolidating at the major 0.90 resistance, forming a reversal setup.
If the local 0.89 support is broken, then we may see the beginning of a downward movement towards the 0.86 support area
