AUDCAD Correction over, long opportunities ahead
After few weeks of continued correction, this pair finally broke above the black trendline, which is the top of an ending diagonal (blue 1-5).
After the strong push up from 0.89, we are looking at a smaller correction, which I expect will gest the top of the ending diagonal that was broken. A bounce from the yellow area would trigger a long trade for me.
First target is .96-.965 resistance, but I expect the pair to go much higher further on.
After the strong push up from 0.89, we are looking at a smaller correction, which I expect will gest the top of the ending diagonal that was broken. A bounce from the yellow area would trigger a long trade for me.
First target is .96-.965 resistance, but I expect the pair to go much higher further on.
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