AUD/CAD (4H) LONG POSITION! REVERSAL TOOK PLACE
AUDCAD is looking for a move up this week! Daily chart sees a clear double bottom and past previous resistance line. Next up is resistance at 0.95.But not so fast! before it moves up it will come lower to previos resistance, now support line to adquire some liquidity, so check for a buy limit at 0.925.
You can also short it for a nice move down to the support line.
RSI on the daily chart is almost at 70, so I expect a move down and then going up the rest of the week.
Also some maybe bad news are coming on Canada side, so we may see CAD loosing some strength favouring the AUD on the long position.
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