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AUDCAD showing bullish pressure, potential for further bounce

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
TradeGATEHub  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns aud CAD audcadlong
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trendanalysis harmonicpatterns chartpattern aud cad audcadlong
AUDCAD is facing bullish pressure from the ascending trendline support. Prices are taking support from 1st support which coincides with 50% fibonacci extension and 61.8% fibonacci extension. Prices might bounce and reach 1st resistance which is in line with 161.8% extension. If prices fall through, it might reach 2nd support which is in line with -68% and 161.8% fibonacci retracement.
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