AUDCAD Weekly Forex Forecast 24th November to 30th November by yshashmi37 on

Midterm forecast:

While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9670 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 53 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.9665 on 11/21/2018, so more losses to support(s) 0.9485, 0.9445, 0.9375 and minimum to Major Support (0.9105) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.

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