Hey Traders, sorry have been away for a few days.

Today, our analysis is on AUDCAD.

This setup will take a few days, so be patient as I am posting this before the start of the trading week.

AUDCAD has been in HEAVY CONSOLIDATION since the beginning of January 1st. 2018.

I have marked off my Weekly Resistance Level at 0.95750.

I have marked off my Weekly Support Level at 0.94500.

Basically, I am waiting for price to reach either Resistance or Support levels, then wait for a STRONG confirmation candlestick or confluence to let me know that price is moving in that direction.

I believe that if we are to finally break through either Resistance or Support levels then we can expect a very big move as this pair has been building up momentum for a big decline or rally up!

As always, please leave comments, questions or concerns!

Thanks again,
#ForexFargo
Trade closed: target reached
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