Browsing all articles tagged with price ction

AUD/USD D1 Technical June 18


Aussies is under pressure. In early Asian session pair dropped towards southward and target around 141 pips upto now. Bollinger bands are showing sell signals. But price action on 0.9423-400 level should be watch.

If AUD/USD manage to hold its support level and H4 candle closure above this level then it will provide a valid buy entry point. On the other hand, If AUD/USD fails to hold its support level and H4 or D1 candle chart closure below 0.9400 level that will indicate more bearish strength that will allow AUD to retest again its next support 0.9330-300 level.

High impact News can change the scenario. News like Building Permits, Core CPI m/m.



USD/CAD D1 Technical May 21

The outlook for USD/CAD is bullish for today. Bollinger bands are providing buy signals for the pair. Pair is likely to move upward and face its resistance at 1.0308 level. If pair manage to break this level then it will rapidly move upward and target 1.0340 level which is acting as a strong resistance.

Price action on 1.0340 level should be handle carefully. If pair manage to overcome this level and H4 candle closure above this level then USD/CAD will continue its bullish trend.