The bull run in AUDCAD was fierce, strong, and impulsive. But all things come to an end.
Suppliers' liquidity as indicated on the chart will most likely act as resistance and prevent the pair from going up any further.
From there we may see the pair resuming its long-term downward trend.
— how does one trade the pair?
Wait for the FED interest rate decision, and notice price behavior around the suppliers' liquidity.
1. Decisive close above the supplier's liquidity negates the idea or
2. Bull struggle against the suppliers' liquidity confirms entry.
Trade well and take care.
Suppliers' liquidity as indicated on the chart will most likely act as resistance and prevent the pair from going up any further.
From there we may see the pair resuming its long-term downward trend.
— how does one trade the pair?
Wait for the FED interest rate decision, and notice price behavior around the suppliers' liquidity.
1. Decisive close above the supplier's liquidity negates the idea or
2. Bull struggle against the suppliers' liquidity confirms entry.
Trade well and take care.