AUDCAD Buy Idea
D1 - Bullish trend pattern.
Currently it looks like a correction is happening.
Price has reached a strong support zone, bullish divergence.
H4 - Price is bouncing higher from a key support zone, bullish divergence.
Until the key support zone holds my view remains bullish here.
If we get a valid breakout above the high at 0.92097 we may then consider it as a validation for the bullish view and may expect the price to move higher further.
Currently it looks like a correction is happening.
Price has reached a strong support zone, bullish divergence.
H4 - Price is bouncing higher from a key support zone, bullish divergence.
Until the key support zone holds my view remains bullish here.
If we get a valid breakout above the high at 0.92097 we may then consider it as a validation for the bullish view and may expect the price to move higher further.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.