Looking at the Price Action on AudCad this week we can see that market structure is aligning with fundamentals where Cad is leading in bullish data fundamentally, now looking at the structure POV a nice H&S pattern is forming at the mid level 0.91250 and giving us a Break of previous Demand Zone and a Lower High Break of Structure + after all of that price created a New Supply Zone. I do believe price will Drop to the monthly low and take out all the Higher Lows it created during this month with all this strong data that is being released, i at least expect a retest of the mayor level 0.90000
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.
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.