AUDCAD is kept from falling by the last support level
The price of the AUD CAD currency pair lingered near a strong support level. This level keeps the currency pair from further decline in forex quotes. This level coincides with the flat price of 0.9100, which is additional support. A breakout of this level will mean that the bears are stronger and the downtrend will continue. We placed our order to go short a little lower to make sure the downtrend continues.
Order Type: Pending Order - Sell Stop
Entry Price at 0.9085
Take Profit at 0.9035
Pips Earning: 50
Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1180
USDJPY buy at the price of 115.55
GBPUSD sell at the price of 1.3315
USDCHF buy at the price of 0.9375
The result of a trade recommendation.
Forex trading recommendation
The profit can be $393.70 if the trading volume of 100000 AUD (1 Lot).