AUDCAD Within a large corrective pattern
Updated
AUDCAD Within a large corrective pattern
AUDCAD is developing within a large corrective pattern for a long time.
After price rejected near the top of the pattern, it is likely to be tested
0.9040 - 0.9060 area soon.
If the price manages to break through this zone, we could see AUDCAD falling further to 0.9020.
However, the first zone acted as a strong support for a long time and we should be careful as it can easily bring the price back.
So let's see what happens.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDCAD is developing within a large corrective pattern for a long time.
After price rejected near the top of the pattern, it is likely to be tested
0.9040 - 0.9060 area soon.
If the price manages to break through this zone, we could see AUDCAD falling further to 0.9020.
However, the first zone acted as a strong support for a long time and we should be careful as it can easily bring the price back.
So let's see what happens.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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