AUDCAD Seeking For Potential Early Trend Reversal

Previously, we saw price movement for AUDCAD fall short in retesting the 361.8% with an engulfing BULLISH candle after the BEARISH candle. This evinces a great BULLISH pressure pushing price up for AUDCAD. Having said that, a breakout of the trend line is yet to be confirmed for now. We await further confirmation for the breakout or a BEARISH continuation to potentially testing 361.8% fib level. As for now, there is a good short term BULLISH opportunity.

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