The AUDCAD is under the positive effect – Analysis – 21-11-2023
Economies.com
2023-11-21 05:20AM UTC
The AUDCAD pair formed strong bullish rally recently due to its consolidation within the bullish channel, to surpass 0.8975 obstacle and notice achieving new gains by reaching 0.9028.
We notice stochastic continuous fluctuation within the overbought areas, to increase the chances of gathering the required additional positive momentum to achieve new gains that might extend towards 0.9045 soon, followed by reaching the bullish channel’s resistance at 0.9065.
The expected trading range for today is between 0.8990 and 0.9045
The expected trend for today: Bullish
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