AUD/CAD is trading in Consolidation
The pair broke up the upper line of the rising wedge two weeks ago. Since then it has been trading in rotation with resistance 0.94 and support 0.9285
Also, the broken upper line of the rising wedge is playing now as support, if you look to the chart , you can see that this line hold the price three times before.
If price breaks down the support, the lower line of rising wedge will be the next support. In the flip side, any breakup the rotation may take the pair to 0.9580 level.
Just wait and follow the market.
Trade safe and good luck!
Also, the broken upper line of the rising wedge is playing now as support, if you look to the chart , you can see that this line hold the price three times before.
If price breaks down the support, the lower line of rising wedge will be the next support. In the flip side, any breakup the rotation may take the pair to 0.9580 level.
Just wait and follow the market.
Trade safe and good luck!
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.