FX:AUDCAD   Australian Dollar/Canadian Dollar
13 0 0
Inside a bearish leg of a sideways action, one might say, but I would say criss-cross pitchforks signal bullish power. As you see, the price failed to reach the upsloping LMLH, thereby creating a double bottom , shown with the green arrows on the chart. The SL is broken by the final bullish bounce, indicating further buying is due. The MML has been reached, signaling a consolidation prior to the continued upward action. It is highly likely that the horizontal support will be tested again, but the bears will hardly be able to break it down.
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