AUDCAD Correction over, long opportunities ahead

13 мар. 2022 г.

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.