FullTimeTrader
Long

AUDCAD-convergence divergence setup near 0.95

FX:AUDCAD   Australian Dollar/Canadian Dollar
212 1 3
The AUD considered wead but i can not ignore this technical setup. A convergence divergence on H4 and H1 combination.

Looking at H4 chart we have a first convergence after a clear downtrend:

snapshot


Here on H1 chart we have a strong divergence on MACD . We have also the 0.7860 fib retracement and the 0.95 level near the price.

Best regards
Looks good, possible falling wedge, pending completion.
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