AUDCAD overall direction- uptrend. Price visibly bounced off the resistance level twice on the H1 time frame before breaking out of the ascending channel to the downside. Current move looks like a pull back, testing both the resistance level and the ascending channel, creating a pleasant entry point at 0.99000 with stops at 0.99350 to 99500 and targets at 0.98500 to 0.98000...
Analysis is subjective
Analysis is subjective