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thebrowntrader

AUD/CAD 1D // 16 April 2024 Analysis

Australian Dollar/Canadian Dollar (FX:AUDCAD)  
thebrowntrader Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns thebrowntrader
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trendanalysis chartpattern thebrowntrader
We can see a beautiful uptrend on AUD/CAD on the 1D timeframe with the price approaching the trendline.

Looking to see what price does around the 0.88000 support level.

Potential buys if it respects the support level and the trend line and bounces back.
Comment:
We can see that just before the market close, there was a rejection from the area of support we drew around the .88000 area as well as the trend line. Will wait and see if we get a good push upwards in the coming days when the market opens.
Comment:
AUD/CAD is up more than 100 pips from the rejection of that trend line and area of support.
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