AUDCAD market is currently testing the previous weekly high, and there is a possibility that the price may move higher from this area. It has been making higher highs and higher lows, and it recently broke above the trendline, signaling a shift in market. The price took out liquidity below the psychological level at 0.9000. While it may attempt to move directly toward the resistance zone, I think that is unlikely. Instead, the price may pull back to retest Tuesday's high, creating a short-term pullback before continuing bullish move. I expect that market will move higher toward the next key level to test a channel border. My goal is resistance zone around 0.91500Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.