AUD/CAD: bullish rising wedgeAustralian Dollar/Canadian Dollar look very interesting to trade now, we can to put a buy order place here at $0.8934 CAD, Stop Loss to $0.8890 CAD. Now, I have 3 targets to discuss, what it's very important to monitoring how Forex market will behavior by fundamental analysis, because Canada has some news to still pending in this week, we have a lot news to read.
Also I consider that in the target $0.9014 CAD could be a good zone to take a considered profit with 79 pips. But now, I see that my target i will put in $0.9040 CAD, this it's 106 pips. But now, to recall, it's very important to monitoring Forex market as this week has a lot to read and the angles will transform and change our analysis here.
And also to take some perspective, in Daily timeframe we see a bearish rejection, indicating bought in this point to hold.
So guys, in few hours, we see an event in Australia Interest Rate in less of 4 hours to start this event to now the interest rate decision by Reserve Bank of Australia that expect to raise 2.35%.
I hope that this analysis support you!!!
Good luck!!!
