AUDCAD: slight pull-back before rebound.
I expect the pair to test 50% Fibonacci retracement before rebound.
Fundamentals: good figures from China at the end of the week coupled with questionable perspective for oil should support this view.
A narrower gap with Tenkan-sen and Chinkou-span not staying in the Kumo, or better crossing over historic price action would also give some confirmation.
Fundamentals: good figures from China at the end of the week coupled with questionable perspective for oil should support this view.
A narrower gap with Tenkan-sen and Chinkou-span not staying in the Kumo, or better crossing over historic price action would also give some confirmation.
Note
P.S. Look at the daily cup-and-handle pattern in formation.Note
Bollinger bands weekly charts confirm the bullish view as price actoin staying well above the SMA20.Thick red S/R line is the main challenge for the next weeks to come.
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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.