AudCad Bullish day chart analysis
Analyzing the day chart for the Aud/Cad pair you can see that the trend is bullish so me personally I put in a for a long position at 0.96614 I got in a little later than I wanted but its ok I expect the price to rise to 0.98000. I used the Bollinger Band as my indicator setting the length at 200 to get the ultimate resistance and support level the middle line being neutral. When the price trends between the upper and lower its considers an uptrend. When the price trends between the lower and middle the trend is down. The ultimate support level for and up trend is the middle line. The ultimate resistance for a downtrend is the middle line .
Note
If you haven't I would recommend putting in for a long position for based off of the daily candlestick now is time
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.