AUDCAD Nice Long Setup Forming

AUDCAD has accepted the monthly trendline as support the other week, Price has been messing around for a few days but looks to be acting as a flag indicating more upside movement. RSI is converging indicating a breakout is likely to occur. MARSI shows that the Moving Average is now trading above the RSI.

However fundamentals show the Aussie Dollar is running into a large resistance, so its up to a very weak Canadian Dollar to pull this trade through.

Trade closed: target reached:

TP3 Reached