AUDCAD H1: Completing The Corrective Advance

FX:AUDCAD   Australian Dollar/Canadian Dollar
I think AUDCAD             is about to complete the recent advance, whose overlapping swings indicate it's been corrective in nature. Price has been oscillating in an upsloping ideal channel, until several hours ago the channel was broken with a decisive bearish candle. In horizontal terms we can also see the recent price action has been developing in two equal ranges; given the backdrop of the down trend, we are quite likely to see the half way level of 0.9245 retested once again.
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+1 Reply
Thanks. :) It's been working nicely indeed.
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