AUDCAD for the better part entered into a downward stretch last week largely from disappointment from RBA rate cut signals. However this pair traded with heavy volume into support zone last week and it is our view that consolidation for buy orders should resume. However, this needs to be confirmed above current support zone shown and target will be as per blue arrow line for buy and hold.
On the downside, daily close of current support zone is needed to eradicate bullish view for further downside extension into price lows.
See video for analyses
On the downside, daily close of current support zone is needed to eradicate bullish view for further downside extension into price lows.
See video for analyses
