Fibo Analysis: AUDUSD and USDCAD, 28/03/2019

28 марта 2019 - Fx4News

AUDUSD

On H4, the AUDUSD is still correcting upwards, having already reached 50% Fibo. The next targets lie at 61.80% (0.7184) and 76% (0.7225), and then the high at 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, the pair is forming a triangle. Once the consolidation channel resistance gets broken out, the price is likely to reach 61.80% (0.7183) and 76% (0.7225).

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

USDCAD

On H4, the USDCAD has reached 76% Fibo after a pullback. The price will be now heading towards the high at 1.3467. Once it gets broken out, the price will probably head to the area between 138.20% and 161.80% Fibo, or 1.3548 to 1.3600. The major support is meanwhile at the local low, or 1.3250.

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

On H1, the USDCAD is correcting, having already reached 38.20% Fibo and ready to go ahead to reach 50%, or 1.3351. The resistance is meanwhile at the high.

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