AUDCAD-should break consolidation soon
Hello, this pair is in ugly consolidation for long time showing a very low volatility.
After a period of low volatility follows a period of STRONG volatility (do you remember the GBPUSD?)
I expect this range to be broken very soon to the upside.
Looking at W1 chart we see MULTIPLE rejections from a strong support. AO oscillator shows bullish divergence.
Here on D1 chart we have a clear range also (rectangle) and a big "triangle" that could be broken to the upside.
Remember that im not opening all ideas i post. For example im already long on AUDNZD so will not open this.
Make your analysis before opening a REAL trade.
Regards.
After a period of low volatility follows a period of STRONG volatility (do you remember the GBPUSD?)
I expect this range to be broken very soon to the upside.
Looking at W1 chart we see MULTIPLE rejections from a strong support. AO oscillator shows bullish divergence.
Here on D1 chart we have a clear range also (rectangle) and a big "triangle" that could be broken to the upside.
Remember that im not opening all ideas i post. For example im already long on AUDNZD so will not open this.
Make your analysis before opening a REAL trade.
Regards.