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AUDCAD continues to fall
AUDCAD continues to fall due to the strong Canadian dollar
The Canadian dollar is strong enough today against many currency pairs in forex. This can also be seen on the chart of the Australian dollar currency pair. The price is near a strong support level and may continue falling if it breaks this level. The price is below the 200 average and the MACD indicator is also below the zero levels, which suggests that the downtrend will continue.
Symbol: AUDCAD
Order Type: Pending Order - Sell Stop
Entry Price: 0.9520
Take Profit: 0.9470
Pips Earning: 50
As a result of a trading recommendation, the price reached the Take Profit level on the same day.
The profit can be $387.25 if the trading volume of 100000 AUD (1 Lot).
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