AUDCAD Will Move Higher! Long!

27 Eyl

Here is our detailed technical review for AUDCAD.

Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 0.929.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.931 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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30 Eyl

İşlem kapandı: hedefe ulaştı

That was an excellent trade and the target was reached too!