AUDCAD 4H Chart: Pair ready to breach dominant channel
A review was made for the Aussie pair, as the previously drawn pattern was broken. The currency pair has been volatile since the last time it was reviewed.
After reaching the 50.00% Fibonacci retracement level, the AUD/CAD pair made a U-turn north and has since been trading in that direction. This retracement can be measured by connecting the low at 0.9582 touched in December and the January high at 1.0008.
The currency exchange rate could continue trading in a channel up until it breaches the upper boundary of a dominant channel where the weekly R1 at 0.9987 is located.
After reaching the 50.00% Fibonacci retracement level, the AUD/CAD pair made a U-turn north and has since been trading in that direction. This retracement can be measured by connecting the low at 0.9582 touched in December and the January high at 1.0008.
The currency exchange rate could continue trading in a channel up until it breaches the upper boundary of a dominant channel where the weekly R1 at 0.9987 is located.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.