AUDCAD Trade Analysis
Current Trend: Uptrend.
Support Levels: 0.9653.
Resistance Levels: 0.9745.
AUDCAD Daily Chart
AUDCAD Trade Ideas
Price action on the AUDCAD has been in a strong trend and move higher in recent times.
As the attached 4 hour chart shows, price has been forming a series of both higher highs and higher lows with this trend higher.
Looking to find trades inline with this trend looks the best plays whilst it stays intact.
If price can now rotate back lower into a value area it could give us an opportunity to find long trades.
The next major support level comes in around 0.9653 and this level could be a quality level to look for new long trades.
AUDCAD 4 Hour Chart
GOLD Trade Analysis
Current Trend: Sideways range.
Support Levels: 1875.05.
Resistance Levels: 1896.51.
GOLD Daily Chart
GOLD Trade Ideas
Whilst price on the higher time frames of Gold has been extremely sideways in recent times, it has still respected it’s major support and resistance levels.
Price has recently formed a swing high before breaking through higher. This level looks like it holds for the key for where price moves in the short term.
If price holds at this level as a new role reversal support level we could look for new potential long trades and for price to push back higher.
The next resistance comes in around 1896.51 followed by 1916.35.
GOLD 4 Hour Chart
