AUDCAD Weekly Forex Forecast 1st October to 6th October
Midterm forecast:
The current trend is downtrend but the forecast is beginning of uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 39.
The current trend is downtrend but the forecast is beginning of uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 39.
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