Long-term AUDCAD LONG
Overall, the pair had formed a symmetrical triangle and is currently trading within the triangle's range. Price bullishly broke the ichimoku cloud which suggests bullish momentum in the works. Around 0.98605 price might find some resistance based on the triangle's diagonal resistance, and then maintain some bearish power (pullback) up until around 0.96663. The cypher pattern in the works also suggests bullish momentum which is in confluence with the ichimoku cloud's bias.
Since anything can happen, there's a possibility that price might go lower to test the bottom of the triangle but, the chances of that happening are really slim.
Since anything can happen, there's a possibility that price might go lower to test the bottom of the triangle but, the chances of that happening are really slim.
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