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FahimLatif

AUDCAD good buy opportunity

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
FahimLatif  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Harmonic Patterns Technical Indicators aud AUDCAD australiandollar dollar divergency Relative Strength Index (RSI)
3
0
trendanalysis harmonicpatterns indicator aud audcad australiandollar dollar divergency relativestrengthindex
The pair can't break one of the lowest S/R levels (Grey area), giving us a nice divergency in the RSI.

That pullback after the harmonic pattern and the strong rejections (see the daily candlestick wicks), suggests me the pair will climb to 61.8 fib, where the weekly trendline is located.

Australian Dollar bullish overall.
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