AUDCAD Analysis Feb 2020

16-Feb-2020

CMP: 0.8764; Res: 0.9155; Sup: 0.8835
Still I expect to see more down towards 0.8764, 0.8545, 0.8379 long term.
Since, I expect current move as wave IV, there can me different variations in the move. Let us wait n watch how the market proceeds.

1. Upside can be 0.9191-0.9411 with the support of 0.8834
2. Can make new low and reverse back to 0.9155-0.9200 n fall to 0.8764.
3. If this going to be wxy, can reverse back to 1.0780.

AUDCAD: 8690-8600 possible. 26-Jan-2020

CMP: 0.8971; Res: 0.9055/0.9155/0.9773; Sup: 0.8908/0.8834
As long as the above resistances hold, we can see again 0.8873-0.8835, further 0.8813, 0.8752, 0.8689, 0.8603.

AUDCAD: Short term Up? 18-Jan-2020

CMP: 0.8990; Sup: 0.8908/0.8835; Res: 0.9044/0.9155
As long as 0.8908 supports, we can see 0.9044 again and further 0.9152, 0.9228-0.9304, 0.9426-0.9472.

Best buy between 0.8960-0.8940, max SL 0.8905.