AUDCAD CONTINUES TREND
AUDCAD from last week made an impulse from 0.90600 to 0.92400 breaking key resistance level at 0.91200 looking at it from the daily timeframe. This week it made a correction to the 50% of the fib pulled on the impulse and its currently getting rejected. Further confirmation was made this morning when price broke above structure between 0.91800 and 0.92000 on the 4hrs timeframe. On the retest of the broken resistance turn support we can scale down to the smaller time frames to look for entry with TP at 0.93000.
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