The chart pattern is same as EUR/CAD, It is not forming any reliable trend and hovering in the resistance and support levels. Until it
it breaks the support or resistance level , it is not possible for price to come in a particular trend.

Do follow us for future Forex updates.

Thank you,

Rishikesh Lilawat

Rishikesh Lilawat

Rishikesh Lilawat

Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.