Australian Dollar/Canadian Dollar - BUY
Price may buy to resistance zone 1, which is also the middle Bollinger band and then pull back possibly to support zone 1 on the daily time frame. There is a W formation which indicates trend reversal which is why I believe price will eventually buy passed resistance zone 1 and then hit resistance zone 2. Price may also just break through resistance zone 1 with no pull back or retracement.
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.