The AUDCAD has been in a prolonged downtrend, and has created a double bottom pattern.
Awaiting for a daily break above the resistance zone of 0.9045. Ideally, would like to see this break confirm a higher low swing which would entail prices dropping initially rejecting the resistance zone before breaking above. Although, you can already say this has already happened on the 12 hour timeframe.
First target would be the flip zone at the 0.9250 zone. Awaiting the break and close on the daily.
Awaiting for a daily break above the resistance zone of 0.9045. Ideally, would like to see this break confirm a higher low swing which would entail prices dropping initially rejecting the resistance zone before breaking above. Although, you can already say this has already happened on the 12 hour timeframe.
First target would be the flip zone at the 0.9250 zone. Awaiting the break and close on the daily.
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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.