AUDCAD Bottom in Position? | Currency trading Forecast for November 21, 2019
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The AUDCAD remains indecisive underneath .9100. Even so, the downtrend that commenced in April has stalled some subsequent the September bounce. Is the modern price tag action indicative of a bottom? Look at today’s video clip to locate out what I assume.
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On November thirteen, I pointed out a attainable bullish situation developing for the NZDCAD.
We had been viewing for a break higher than the .8500 confluence of resistance for a move into .8640.
As you can see, the pair is very well on its way.
There is also a next Canadian dollar pair that’s starting to look promising.
The AUDCAD may perhaps not be as clean up as its NZDCAD counterpart in terms of its technicals, but the bottoming pattern is intact nonetheless.
Continue on looking through on the blog…
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