FX:AUDCAD   Australian Dollar/Canadian Dollar
AUD/CAD Currently showing multiple resistance touches at the 38.2% fib level. Furthermore alongside this we can also see an ascending triangle forming, whereby buyers are trying to push market price higher and higher however failing to break resistance but increasing the height of the support along the bottom trend line. We currently see a potential Doji forming on this support line as well as the 23.6% fib level. In terms of both the 50 EMA and 200 EMA we have not yet received confirmation however we have recently seen a crossover between the two towards the end of last week. Once most recently hourly candlestick has ended we will look to enter on a long.
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