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Fibo Analysis: AUDUSD and USDCAD, 21/03/2019

21 march 2019 - Fx4News

AUDUSD

On H4, the AUDUSD is forming a rising move after converging, which has already reached 50% Fibo. The next targets lie at 61.80% (0.7183) and 76% (0.7225), and then 0.7295. The low at $0.7003 acts as a support.

AUDUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, one can see the pair rising to 61.80% (0.7183) and 76% (0.7225) in detail.

AUDUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD

On H4, the USDCAD is correcting down after a rising move. When the pullback is over, the price is likely to rise again to reach 76% Fibo, or 1.3521, and then the high at 1.3665. The major support is meanwhile at the low, 1.3068.

USDCAD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, the price is correcting after the convergence. The pair has reached 38.20% Fibo and may hit 50%, or $1.3358, and 61.80%, or $1.3384. The local support is near the low of 1.3250.

USDCAD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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