AUDCAD Most Important Levels for Support and Resistance

2020年3月20日

The Trading Guru is back again with another updated on AUDCAD. We can see some clear support and resistance levels here, that I showed in previous analyses. But also, we create a few new ones.

A relatively strong resistance is just hit and on the lower timeframes we can already see a small rejection forming. My expectation is that the price will drop again. I added the logical levels for the stop loss and take profit. As you can see, the stop loss will be slightly above the horizontal resistance to give our analysis a little bit of slack. The take profit is right near where the first level horizontal support starts, a logical place to exit the trade.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

Tools used:
Free Forex Price Scanner: https://t.me/ForexScanner100eyes