AUDCAD is trading inside a Channel Down pattern since the end of January. A similar pattern bottomed almost a year ago (July 13th) on the exact same Support (0.87400) and rebounded to the previous High (Resistance) and Fibonacci 0.5.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 0.91000 (Resistance and Fibonacci 0.5).
Tips: 1. The RSI (1d) is also printing a similar pattern to July's 2022 bottom.
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