1. Hello Guest Click here to check FX Binary Point Financial Directory

Horizontal Support Could Confine AUDCAD Downside

Discussion in 'Technical Analysis' started by Kaitlin, Feb 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Having reversed from two month old descending trend-channel resistance during early week, the AUDCAD seems currently aiming to test the 0.9750-40 horizontal support, also including the 100-day SMA, which may give rise to the pair's pullback to 0.9850 immediate resistance. Given the pair stretches its profit booking moves beyond 0.9850,[​IMG]

    Continue reading...

Share This Page