AUDCAD has seen some solid movement to the upside this morning, with the price increasing by just under 0.4%. This movement happened when the price came down and reached a confluence zone where price has reacted too in the past. On the 4hr chart, the RSI levels are very overbought and have just crossed, indicating a drop-in price is likely. The initial target for this trade is at the zone mentioned above,0.9172 level, following that secondary profit targets is at the support zone of 0.91396.
AUDCAD has seen some solid movement to the upside this morning, with the price increasing by just under 0.4%. This movement happened when the price came down and reached a confluence zone where price has reacted too in the past. On the 4hr chart, the RSI levels are very overbought and have just crossed, indicating a drop-in price is likely. The initial target for this trade is at the zone mentioned above,0.9172 level, following that secondary profit targets is at the support zone of 0.91396.