AUDCAD is currently lingering at a support level. Failure to break this level to the downside will result in price adopting a bullish move.
Considering the fact that the pair just broke a resistance trend line and tested it from the upside, the aforementioned is pretty probable.
Hence, this enables a potential bullish wave with a good risk to reward ratio...
Entry Point at 0.94600, Stops at 0.94000 & Targets at 0.96300
Trading ideas are subjective. Individual analysis advised.
Considering the fact that the pair just broke a resistance trend line and tested it from the upside, the aforementioned is pretty probable.
Hence, this enables a potential bullish wave with a good risk to reward ratio...
Entry Point at 0.94600, Stops at 0.94000 & Targets at 0.96300
Trading ideas are subjective. Individual analysis advised.