As we progress to the end of the week the AUDCAD
is showing some interesting price action on the daily chart
. firstly we are in a bullish
rotation as we have 2 flag patterns in green and red indicating to us that the AUDCAD
could reach higher levels . However my eyes are at the near term support in the green box for any sighs of going long. If the market shoots straight up we could have a chance of shorting the Bat pattern
all the way back to support. This however would be in line with the overall bear trend of the currency. So there is no excuse on where the market could go.
Good Trading Guys