Expecting AUDCAD to Go Higher

In the AUDCAD currency pair, a stable upward trend is consolidating. The exchange rate successfully navigated through a temporary period of weakness.

We are currently adopting a bullish stance towards AUDCAD, and our strategy involves pursuing a Long Trade with a target set at the liquidity zone around 0.9230.

Additionally, the Long scenario is reinforced by a hidden bullish divergence in the On-Balance Volume (OBV) observed on the Daily Timeframe.