Technical Overview:
The AUD/CAD pair has formed a clear ascending triangle pattern, signaling bullish momentum.
A successful breakout above the resistance zone indicates potential upward movement toward key levels.
Price is currently testing a resistance level near 0.9093, and a clean break above could trigger a strong rally.
Key Levels to Watch:
Entry Zone: Above 0.9093 (breakout confirmation)
First Target (TP1): 0.9163
Second Target (TP2): 0.9299
Stop Loss (SL): Below 0.9008 (previous structure support)
Supporting Factors for Bullish Bias:
✅ Trendline Support: The ascending trendline is holding strong, reinforcing bullish structure.
✅ Higher Lows Formation: Indicates buyers are stepping in aggressively.
✅ Breakout Confirmation: If price sustains above 0.9093, momentum will likely continue.
The AUD/CAD pair has formed a clear ascending triangle pattern, signaling bullish momentum.
A successful breakout above the resistance zone indicates potential upward movement toward key levels.
Price is currently testing a resistance level near 0.9093, and a clean break above could trigger a strong rally.
Key Levels to Watch:
Entry Zone: Above 0.9093 (breakout confirmation)
First Target (TP1): 0.9163
Second Target (TP2): 0.9299
Stop Loss (SL): Below 0.9008 (previous structure support)
Supporting Factors for Bullish Bias:
✅ Trendline Support: The ascending trendline is holding strong, reinforcing bullish structure.
✅ Higher Lows Formation: Indicates buyers are stepping in aggressively.
✅ Breakout Confirmation: If price sustains above 0.9093, momentum will likely continue.
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Disclaimer
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📈Forex Telegram Alerts
🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
Website:- ultreosforex.com/
🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
Website:- ultreosforex.com/
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.