the AUD/cad has been in trending=ding downwards channel ever since the recovery of the coronavirus was first attempted. but it has finally broken out through the outer barrier. and with good news from fundamental sources, I think we can start to see the of an uprising trend but remember. this could also transpire into a consolidation as the market usually goes from old trend consolidation then-new trend whichever the directions are. feel free to use analysis such as Bollinger bands to keep track of the contraction and expansion phases which will indicate the beginning of a new trend.
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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.