The AUD/CAD pair has broken out of an ascending channel, indicating a bullish continuation. The breakout is supported by increasing volume, suggesting strong buying interest. Key support is at 0.91500, with the target set at 0.93500. This setup offers a promising opportunity for traders, provided the support holds. Keep an eye on this pair for potential gains.
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.