AUD/CAD Analysis, Chart, and Trading Idea
Analytics for AUD/CAD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The support level of 0.9019 curbs the buyers. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.
Trading idea:
Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure
Stop-Loss: 0.9019
Target price levels: 0.9070, 0.9100