The Pair is trading in a range near the Resistance Zone. The Pair is consolidating between 0.9137-0.9120, we need to wait for the Pair to break beyond this level, if the Pair is able to break on either side, according to that we will suggest taking a position.

If the breakout is on the upside the Pair has to close above 0.9137, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Pair has to close below 0.9120 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

AUD/CAD

Apr 28 2022