Daily Analysis 20/10/2021

DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

DAILY AUD/CAD

Support & Resistance: R1: 0.925
From the daily chart, it is in the downtrend and the price has bounced back. If the price holds below the resistance level traders can trade short position.

 

H4 AUD/CAD

Support & Resistance: R1: 0.925
From the H4 chart, price has reached the resistance level.

 

TRADING TIPS


Short Position

0.924

0.919

0.929