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The AUDCAD awaits the additional positive momentum – Forecast today – 14-5-2024
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The AUDCAD awaits the additional positive momentum – Forecast today – 14-5-2024
May 13, 2024 11:35 PM

AUDCAD Price Analysis Expected Scenario The AUDCAD price formed some correctional bearish waves after reaching 0.9075 level recently, affected by stochastic exit from the overbought areas, to suffer some intraday losses by touching 0.9010 level. Note that the current negative rebound wont affect the main bullish track as long as 0.8925 level continues to form the key support, also, 0.8990 level forms additional support to allow us to wait to gather the positive momentum and ease the mission of renewing the bullish attempts that might target 0.9130 followed by 0.9180 levels. Expected Trading Range Between 0.9000 and 0.9080

Trend Forecast: Bullish

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