AUDCAD ON A BULLISH RUN
FROM a technical perspective AUDCAD made an impulse starting from 0.90400 to 0.91600 from the D1 TF. upon pulling the fib on the impulse we can clearly see a nice rejection from the 61.8% ( golden ratio) during the correction and from the rejection came a great momentum by the bulls looking at the last two days daily candles. Yesterday we saw a breakout above 4hr resistance at 0.91200 and with that we c scale down to the smaller time frames to look for an entry with TP at 0.92000.
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