The Audcad is obviously gaining traction upwards. After the impulse bullish move the previous week, it is currently going through some corrections and since it got to the monthly resistance, it tested by also rejecting on it. I expect it to retrace downward a bit and then continue its bullish drive upwards.
Use wise Risk Management.
Use wise Risk Management.
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.