AUDCAD is currently trading in an ascending channel.
The market pulled back to the support level, which is the confluence zone .
Notice, price action approached the level by printing small candles with deceleration, indicating that there's no strength.
Price action is likely to pullback to the support level and go up if price makes a false break.
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The market pulled back to the support level, which is the confluence zone .
Notice, price action approached the level by printing small candles with deceleration, indicating that there's no strength.
Price action is likely to pullback to the support level and go up if price makes a false break.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.