AUDCAD - Approaching Multi-Year Support Zone. Time To Buy? | Mar 21

audcad-forex-trade-setup-2ndskiesforex

Chris Capre’s current live price action & ichimoku trades: EURUSD, GBPUSD, AUDJPY, EURCZK, EURJPY, EU50

New to Forex? Then check out my FREE Learn Forex Trading Course with videos, quizzes and downloadable resources

Forex Trading Q&A: How Do You Know What Price To Get In For Your Trade Setups? {New Video}

AUDCAD – Testing Multi-Year Support Zone (weekly chart)

Price Action Context

Selling off 3 of the last 4 weeks and continually printing lower highs, the AUDCAD forex pair has been weakening since 2017 and has now produced 2 LH’s and is now attacking a multi-year support zone.

Trend Analysis

Looking at the long term corrective structure, while the pair was stable between 2013 and 2017 continually hitting the 1.0250 …

... Keep reading