AUDCAD Weekly Analysis
On the weekly timeframe, AUDCAD has reached a key area where a retracement is anticipated. The 0.168 Fibonacci level has been identified as a possible pullback zone, indicating a chance for price to consolidate or reverse. This level could act as a temporary support or resistance, providing an opportunity to re-evaluate trade entries and exits. Watching how price behaves around this level can give insights into the strength of the current trend and potential setups for a continuation or reversal
On the weekly timeframe, AUDCAD has reached a key area where a retracement is anticipated. The 0.168 Fibonacci level has been identified as a possible pullback zone, indicating a chance for price to consolidate or reverse. This level could act as a temporary support or resistance, providing an opportunity to re-evaluate trade entries and exits. Watching how price behaves around this level can give insights into the strength of the current trend and potential setups for a continuation or reversal
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