AUDCAD Bullish trend continue

**Monthly Chart**

AUDCAD has been in a long-term bearish trend since 2017. I have seen it always create a range within a large range. For example from 2011 to 2014 it was moving in the higher range. Then moved lower and stayed in a range between 2014 and early 2018 before it pushed lower.

In Sept 2023, the price it pushed lower only to bounce from April 2020 low near 0.8600. The demand zone was tested several times before it bounced from it in Oct 2023.

Last month's candle closed higher confirming the short-term bias of this pair is bullish. The next area to be tested at around 0.92000 level.

**Weekly Chart**

Last week candle closed higher, however, it is now approaching a key level at around 0.91000. If the price breaks then it will move to the next target at 0.92000 level and then 0.94000 level.

**Daily Chart**

The price is currently moving within a key sensitive area. We need to be very selective if we are buying and if the price tests 0.92000 and bounce then we will have to sell.