AUDCAD market has formed a range after successfully breaking through the triangle pattern. Price broke and closed above the 0.88500 key level, confirming the bullish bias. On the daily timeframe, an engulfing candle has formed, demonstrating bullish dominance in the market. Furthermore, the price structure continues to establish higher highs and higher lows, reinforcing the uptrend. I think the market may consolidate briefly before resuming its upward trajectory toward the key resistance zone. The price is likely to respect the support level, which acts as a swap zone due to its historical significance, having been tested and respected multiple times in the past. My goal is resistance zone around 0.89000Traders, 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.