AUDCAD – Buyers trending caught between daily channel

AUDCAD – Buyers trending caught between daily channel
Trend: Strong Buy
Support/Resistance:

R3: 1.09128

R2: 1.08901

R1: 1.08635

S1: 1.08206

S2: 1.07998

S3: 1.07798

Price action:

Buyers are showing strong performance. From previous day price touched high level and rebounded from overall daily channel. Price did a faker but still might go long position, because daily candle was closed above 1.08206 level.

Potencial trade idea:

Bulls targets:

T1: 1.08635

T2: 1.08901

T3: 1.09128

Bears targets:

T1: 1.07998

T2: 1.07798

NOTE – We are trading AUDNZD via the preferred trading setups 

ELITEFXACADEMY