Let’s pull back the curtains and take a LONG look at the AUDCAD from a { 1D }timeframe perspective.
1) AUDCAD has finally broken the 50MA which means that it’s in a medium term uptrend that has the potential to hit highs of 0.96000.
2) Just to be cleared the AUDCAD have broken 2 major areas of resistance shown by the *squares* on the diagram. Making it the 1st since 2019 to hit highs of 0.91500+
It undoubtedly that the AUDCAD will not let rally further. Beware bears be on your guard.
1) AUDCAD has finally broken the 50MA which means that it’s in a medium term uptrend that has the potential to hit highs of 0.96000.
2) Just to be cleared the AUDCAD have broken 2 major areas of resistance shown by the *squares* on the diagram. Making it the 1st since 2019 to hit highs of 0.91500+
It undoubtedly that the AUDCAD will not let rally further. Beware bears be on your guard.