August 17th – AC

17 - AC

CAD is clearly losing its bullish momentum. It is the strogest bullish currency today, but it is unable to make new highs, facing strong resistance in many pairs. There are still many TLs in CAD profile that needs to be broken before the trend reversal is confirmed, but CN is already offering a great selling price.

AUD is the strongest bullish pair today and it is still going strong. The price is correcting on H1 right now, but bullish price action is quite week in most pairs. However, AU and AN look like renewing the highs – all bearish attempts have been rejected in the last 2 weeks.

Leave a Reply

Your email address will not be published. Required fields are marked *