DeGRAM

AUDCAD growth from support area

Long
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
My past predictions continue to come true.
First, the price is pushed away from her and grew to resistance.
Then the price dropped from the 0.979 channel line to the 0.965 support.
Then she made a small breakdown and returned to growth.
The price made a false breakout of the 0.965 support level.
Then it rose again and bounced off the support zone (channel line + level) 0.969.
I expect the price to consolidate in this area and continue to rise.
The target is 0.977.

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