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pav4ito

AUD/CAD Waiting for Breakout

Australian Dollar/Canadian Dollar (FX:AUDCAD)  
pav4ito Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis consolidation rangebound breakout
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trendanalysis chartpattern waveanalysis consolidation rangebound breakout
AUD/CAD is currently consolidating, im expecting the next move to be a strong move. If there is a break to the upside there is a possibility that we will retest the 0.99122 resistance level. However there is also a possibility that we could break to the downside and retest the key support level at 0.96932. We are currently sitting on a strong support level which it has not been able to break (Purple Line). We will see what happens as time goes. I will update the post when we have some action. Trade safe traders.
Comment:
We have a clean break to the downside, just as I said. Expect a strong move.
Comment:
Currently in a corrective phase, may be a good time to sell.
Comment:
snapshot

There we go, just as a said. A perfect breakout to the downside.
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