AUDCAD WEEKLY TRADE OUTLOOK
AUDCAD:
Bias: Bearish
Analysis: The pair have broken the 1.0239 structural point and this area has been tested.
Our sell point 1.0465 is the last high of the gift which has failed to break with momentum.
This point is also our buy point to the upside. Price have closed below this point and to remain bearish the price must not take out this point to the upside. Any move above this point is a buy signal.
ENTRIES: SHORT= 1.0465, LONG= 1.0465 STOP 1.0465
Bias: Bearish
Analysis: The pair have broken the 1.0239 structural point and this area has been tested.
Our sell point 1.0465 is the last high of the gift which has failed to break with momentum.
This point is also our buy point to the upside. Price have closed below this point and to remain bearish the price must not take out this point to the upside. Any move above this point is a buy signal.
ENTRIES: SHORT= 1.0465, LONG= 1.0465 STOP 1.0465
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