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AUDCAD analysis 13.08.2020

13.08.2020

Market Review

AUDCAD

The price pivot zone of 0.9468 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator showed an exit from the oversold zone. A breakout of the resistance level of 0.9512 will result in the formation of an ascending pattern of 1-2-3.

AUDCAD rate online: monitor price movement in real time.

Trading recommendations:

Buy above 0.9512.

Stop Loss: 0.9468.

Target levels: 0.9557; 0.9638.

Cancel the trading plan in case of a retest or breakout of 0.9468.

Author: admin
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