The AUDCAD holds above the support – Analysis – 12-8-2022
Economies.com
2022-08-12 07:47AM UTC
The AUDCAD pair kept its positive stability above 0.9000 level that forms the extension of the major support, to increase the chances of renewing the bullish attempts in the near term and medium term period, to notice reaching 0.9095 recently.
The consolidation of the moving average 55 above the mentioned support and stochastic attempt to crawl towards the overbought areas support our bullish overview, to expect gathering the additional positive momentum to reach the positive stations at 0.9135 and 0.9215.
The expected trading range for today is between 0.9040 and 0.9135
The expected trend for today: Bullish
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