AUDCAD Probably resuming the upside
Hello friends, it has been a long time since my last post here, as i have had busy tough times recently.. Happy as usual to be back and interact with you.
AUDCAD provided a good opportunity to jump into a possible trend resumption trade. As the price action suggested we could be heading to resume the earlier bullish wave after a minor pullback. The double pin bar candles hinted strong demand at the 50-days simple moving average. I expect more upside targeting 1.0333 and 1.0400. I will consider any dip a buying opportunity as long as 1.0117 is holding.
I am be back to normal and will publish more trading ideas.. keep posted ..
My best regards,
Technician
AUDCAD provided a good opportunity to jump into a possible trend resumption trade. As the price action suggested we could be heading to resume the earlier bullish wave after a minor pullback. The double pin bar candles hinted strong demand at the 50-days simple moving average. I expect more upside targeting 1.0333 and 1.0400. I will consider any dip a buying opportunity as long as 1.0117 is holding.
I am be back to normal and will publish more trading ideas.. keep posted ..
My best regards,
Technician