On AUDCAD, we have a bullish setup with the price, after yesterday's rally, stalling around the 0.891 area where we have a strong volume concentration. This is a potential reversal zone where the price could reverse course and reabsorb the liquidity left in the market. In fact, we can observe a significant cluster of trades at the 88.90 level. That level will be the target objective in case of a short trade.
Please share your expectations.
Happy trading to everyone.
Nicola CEO of Forex48 Trading Academy
Please share your expectations.
Happy trading to everyone.
Nicola CEO of Forex48 Trading Academy
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