AUD/CAD is moving in an uptrend after finding support at 0.8855. This means the price dropped to that level, but buyers stepped in, stopping it from going lower. Since then, the price has been rising steadily.
Right now, the pair is following a pattern of making higher highs and higher lows, which shows strength in the uptrend. As long as this pattern continues, the price is likely to keep moving up.
Right now, the pair is following a pattern of making higher highs and higher lows, which shows strength in the uptrend. As long as this pattern continues, the price is likely to keep moving up.
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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.