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KlejdiCuni
Apr 16, 2024 8:35 AM

AUDCAD May Rise Again From The Support Zone Long

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD May Rise Again From The Support Zone

Technical Analysis:
AUDCAD is close to a strong support zone.
We may see the price rising again from this area given that the bigger picture is
showing for a possible bigger pattern.

The current zone is also a very dense volume zone and has been tested several times in the past.All these details can push the price up again..
Watch for reversal signs.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️


Comments
AlloysK
I like this... applying the idea. best I have seen so far. thanks for sharing.
linofx1
Good expanding wedge pattern, will be anticipating a bullish rebound from the wedge support as you illustrated
KlejdiCuni
@linofx1, let's see after now as the CPI data supported the movement:)
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