Australian dollar / Canadian dollar
Technical analysis is positive on several frames:
1- The daily FRAME:
The pair is currently at a strong demand area between the level of 0.9250 and the level of 0.9300, and it represents a good support area as well, which has pushed the price to large levels, so on a daily basis we target the purchase of the target 0.9750
2- 4 hour frame:
The pair formed on the four-hour frame a harmonic pattern (AB=CD) and the price rebounded at point D with rather high momentum, so we will target the purchases to target 0.9600
3- 1H frame:
The pair walked in a semi-sideways movement, forming a price channel that contains a false breakout and a return to the channel with high momentum or what is known as the (spring), so we will target short-term purchases to target 0.9500
Technical analysis is positive on several frames:
1- The daily FRAME:
The pair is currently at a strong demand area between the level of 0.9250 and the level of 0.9300, and it represents a good support area as well, which has pushed the price to large levels, so on a daily basis we target the purchase of the target 0.9750
2- 4 hour frame:
The pair formed on the four-hour frame a harmonic pattern (AB=CD) and the price rebounded at point D with rather high momentum, so we will target the purchases to target 0.9600
3- 1H frame:
The pair walked in a semi-sideways movement, forming a price channel that contains a false breakout and a return to the channel with high momentum or what is known as the (spring), so we will target short-term purchases to target 0.9500