Thread: Audnzd

On the 4 Hours Chart , the previous candle closed above the previous 200 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . This trend is supported by the fact that the price is above the previous day's Lowest Low 1.07137. While we continue to see a sustained move above 1.07137 we expect a surge much Higher with an Ideal Target at 1.03076. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 1.02993.
from freshforex

USDCAD


USDCAD is currently rallying around 1.37649. On the 4 Hours Chart , the previous candle closed below the previous 200 Period Exponential Moving Average. This is a possible Indication that we are in an active Down trend . USDCAD is currently in a range, not going above the previous day's highest high 1.37889,or the previous day's lowest low 1.37333. If the price breaks above 1.37889 then we will consider a long term buy with our target at 1.22374. And on the flipside, a sustained move below 1.37889 will attract sellers with an ideal target around 1.20597

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