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theConsultant45

AUD/CAD Long Bull Reversal?

Long
Australian Dollar/Canadian Dollar (FOREXCOM:AUDCAD)  
theConsultant45  
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
AUD/CAD pair has been in a channel down trend since beginning December 2018. It has since failed to break upward without retreating back into the channel.

I am looking at a possible long reversal mid to late October. The last time we saw this price was around May-July 2010. During this time we did see the pair reverse to the upside.

Support around .8950
First resistance at .9020
Second resistance at .9200

Definitely open to thoughts on this.

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