Razvan

AUDCAD - How do you like the consolidation?

FX:AUDCAD   Australian Dollar/Canadian Dollar
419 3 0
The AUDCAD             had a very nice evolution. We can see a consolidation between 1.02710 and 1.0148, but also a trend line of this upside movement. A break through the resistance can activate more gains for the Australian dollar             , with a target at 61.8 retrace (1.0376). Otherwise a break under the trend line might trigger new shorts and send the price under the support level (1.0148), with a target at the last low, 1.0048, and another at 1.0020/00
Target zone 2 reached...
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