Australian coins، Pound coins
australian cad weekly technical analysis
The Australian pound is moving in a side channel, expected to descend from the resistance area at 1.8686 levels, to target the support area at 1.8457 levels.
But in the event that the four-hour candle closes at the highest level, we expect the rise to continue, targeting the second resistance area at 1.8908 levels, from which the bottom of the week is expected.
But in the event that a four-hour candle closes below the level of 1.8410, we expect the decline to continue and target the second support area at 1.8237 levels, from which the bottom of the week is expected.
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