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The AUDCAD moves to the bullish track – Forecast today – 9-4-2024
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The AUDCAD moves to the bullish track – Forecast today – 9-4-2024
Apr 9, 2024 2:00 AM

AUDCAD Pair Price Analysis Expected Scenario The AUDCAD pair has continued to form strong bullish waves recently, surpassing the 38.25 Fibonacci correction level at 0.8940 and activating the double bottom pattern, recording additional gains by touching the 0.8980 level. Frequent stability above 0.8940 and stochastic additional positive momentum suggest a resumption of the bullish attack, targeting the 0.9000 level soon, followed by attempting to reach the next main target at 0.9035. Expected Outcome The AUDCAD pair is expected to maintain its bullish momentum, supported by strong bullish waves and stochastic additional positive momentum. This could lead to further gains in the near term.

Resuming the bullish attack and targeting levels such as 0.9000 and 0.9035 is anticipated with stability above 0.8940.

Expected Trading Range Between 0.8950 support and 0.9000 resistance.

Trend Forecast: Bullish

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