UnknownUnicorn15614419

AUDCAD: did the price break another trend?

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
At the beginning of the month, the price broke the downtrend at point 0.956 and ended up in the zone between two strong levels: support at 0.953 and resistance at 0.962. However, at the beginning of this week, the price was able to rise again and break through the level of 0.962. Then it came to the 0.969 price zone - at the top of the price in the channel. We can expect that from this point the price will first return to the level of 0.962.

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