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Trade in focus: AUDCAD

Forex 2 minutes to read
Picture of Michael McKenna
Michael McKenna

Head of Editorial Content, Saxo Bank

Summary:  Saxo's Trade Signals tool lets technology identify your next trade opportunity. Today, it has alerted Saxo users of a potential downside break in AUDCAD.

Saxo's Trade Signals tool has identified a potential downside break out of a rising channel in AUDCAD. The tool gives a probability of 68% to this analysis, with this measurement evaluated against past performance over six months with respect to this pattern type.

(Disclaimer: past performance probability may not be indicative of future performance.)

AUDCAD traded at 0.9495 as of publication, with Trade Signals identifying this move as having the potential to extend towards the 0.9366 area.

Trade Signals: AUDCAD
Source: SaxoTraderGO
AUDCAD (daily)
AUDCAD (daily, source: Saxo Bank)
Click here to learn more about Trade Signals (powered by Autochartist)

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