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AUD/CAD - continue to decline?

Woolf Posted 20 Nov. as Analysis on AUD/CAD, Target: 0.9600, Date: 2nd of January, 12:00 GMT  in #Technical analysis #AUD #CAD #AUD/CAD #Audcad #Consolidation #Decline

TREND:
 short term (form November 2017) - market is downward trend
long term (from May 2017) - market is downward trend

RANGE:
short term (form November 2017) - 0,9900 - 0,9600
long term (from May 2017) - 1,0350 - 0,9600

RESISTANCE:
0,9700
0,9770
0,9920

SUPPORT:
0,9600
0,9400
0,9340

ANALYSIS:
Recently AUD/CAD crossed previous support at 0,9700. Now support is a resistance. I expect that the market will continue negative scenario and the course will drop to 0,9600. From the last few …
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Woolf avatar
Woolf 20 Nov.

Weekly line chart. It show that market hitting new levels

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AUD/CAD - UPWARD TRIANGLE

Woolf Posted 13 Nov. as Analysis on AUD/CAD, Target: 1.0100, Date: 2nd of January, 12:00 GMT  in #Technical analysis #AUD #CAD #AUD/CAD #Triangle

PEROID:
DAILY CHART

TREND:
short term (last 2 months) - market is down trend
long term (from 08.2013) - market is upward trend

RANGE:
short term (last 2 months) - 0.9720 / 0.9960
long term (from 08.2013) - 0.9720 / 1.0580

RESISTANCE:
0.9960
1.0100
1.0200

SUPPORT:
0.9760
0.9690
0.9590

ANALYSIS:
Nowadays the market is close of the support level at 0.9760 / 0.9700. This level is important from the point of view of further market situation.
We can see two scenarios:
1. market go lo…
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