Recommendation Waiting for the market to correct and buying at low. The resistance is at price 0.94000 CAD and the lower support level is at price 0.90000 CAD.
The AUD/CAD pair gains strong follow-through traction for the second successive day on Friday and climbs to a nearly two-week high during the first half of the European session. The pair currently trades just above the 0.91700 round-figure mark and is drawing support from a combination of factors. Market is likely to go up for now.
Due to the timeliness and market volatility, the above analyses may no longer be valid, and hence for reference only.
Disclaimer: This material is considered a marketing communication and does not contain, and should not be deemed to contain, investment advice, or an offer or solicitation of any transaction in a financial instrument. Past performance is not indicative of future results.