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AUDCAD is in an upward trend channel. Price has pulled back into a support zone after a strong move up. This area may act as support again. If buyers step in, price could continue higher, so the chart suggests looking for buy trades (longs).
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AUDCAD is in an upward trend channel. Price has pulled back into a support zone after a strong move up. This area may act as support again. If buyers step in, price could continue higher, so the chart suggests looking for buy trades (longs).
Don’t forget to like and share your thoughts in the comments! ❤️
Note
AUDCAD is holding above support and moving sideways. A bullish breakout from this zone could push price higher.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.