CADHKD has spent the last month consolidating and has now broken above the 5.74200 range that has been tested as resistance several times. Looking for a pull back into this range and rejection. Short/mid term targets are marked on the chart.
It can go up to chase resistance, and it can spike down then up...or cruise itself down.
Bearish interests, attention for 5, 71537....to what may happen there. And if price reverses to break above the dsl line then the set-up will be invalid.
CADHKD reached the bottom of a range in 2016 and since has made 2 higher highs and 2 higher lows
Price action in January 2019 reacted bullish to an original Demand Zone created in March 2017
Will add to position at pullbacks and take profit at Supply Zone