AUDCAD has broken through the current downtrend on large bull momentum (steep stochastics).
We expect the momentum to continue as it goes and tests the 38.2% fib in the short-term.
In the long-term we can see 0.97000 being tested if the trend holds.
SL below recent lows.
Buy
TP 1: 0.95400
TP 2: 0.95950
TP 3: 0.97000
SL 1: 0.93800
SL 2: 0.93180
We expect the momentum to continue as it goes and tests the 38.2% fib in the short-term.
In the long-term we can see 0.97000 being tested if the trend holds.
SL below recent lows.
Buy
TP 1: 0.95400
TP 2: 0.95950
TP 3: 0.97000
SL 1: 0.93800
SL 2: 0.93180