FX.co ★ AUDCAD

Hello traders, the situation with the AUD/CAD currency pair has not changed significantly. The 4-hour chart shows that the pair is in a bullish trend. The price is above the Ichimoku cloud, indicating an upward momentum. This means that it is possible to enter a long position. The stochastic indicator is pointing upwards. During today's trading session, the pair continued to move north, bulls managed to consolidate above the third resistance level, and currently, the pair is trading at 0.9427. The intraday reference for growth is the classic Pivot reversal levels. I assume that the pair will continue to rise from current levels, and a breakthrough above the resistance level at 0.9448 will lead to a new wave of pair growth and further movement north above the resistance around 0.9551. However, if bearish players return to the market, the support level at 0.9260 will be the reference point for the current chart segment.