Thursday, February 15, 2024

AUDCAD has re-entered into the support resistance area which leads to -725 Points
1 mins well spent

AUDCAD Analysis:

AUDCAD has broken the horizontal support area in the 4-hour timeframe chart.

AUDCAD broken the support

AUDCAD Update:

AUDCAD has re-entered into the support resistance area range which leads to the SL price. Due to the US FED Chairman Powell speech, all markets are making a big ranges which also makes this AUDCAD to rebound back to the range. However, AUDCAD still remains in a downtrend only.

Please note: In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.


Don’t trade all the time, trade forex only at the confirmed trade setups.

Get more confirmed trade setups here: forexgdp.com/buy/

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