AUDCAD RECTANGLE CHANNEL
Hello traders and welcome! Let's take a look at AUDCAD, presenting a great trading opportunity.
AUDCAD is currently trading near the Lower Trend Line Breakout at 0.85627, within a rectangle channel.
A break below the Lower Trend Line Breakout at 0.85627 could target the 50% level at 0.80684 and the 100% level at 0.75825. However, it's important to note that rectangle channels are only considered valid when the price breaks above or below the boundary lines.
AUDCAD is currently trading near the Lower Trend Line Breakout at 0.85627, within a rectangle channel.
A break below the Lower Trend Line Breakout at 0.85627 could target the 50% level at 0.80684 and the 100% level at 0.75825. However, it's important to note that rectangle channels are only considered valid when the price breaks above or below the boundary lines.
