Market Instrument: AUDCAD
Timeframe: H4
Analysis: Technical
Structure: Falling Wedge and Support
Prediction: Bullish
AUDCAD seems to be still respecting the structure where we may see a continued rally to the upside with this breakout formed on the falling wedge. The following support helped the price to go for a reversal and the recent sell-off has pulled the prices back towards where it started the bull run.
Timeframe: H4
Analysis: Technical
Structure: Falling Wedge and Support
Prediction: Bullish
AUDCAD seems to be still respecting the structure where we may see a continued rally to the upside with this breakout formed on the falling wedge. The following support helped the price to go for a reversal and the recent sell-off has pulled the prices back towards where it started the bull run.
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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.