AUD/CAD Analysis new update chart.

The AUD/CAD pair has been in a downtrend for over 3 months. Prior to a trend reversal, we consistently took selling positions. However, if the pair breaks above the trend line, we should consider taking buying positions.

NEWS
The Australian dollar is poised for growth, particularly against the Canadian dollar (AUD/CAD) and Chinese yuan (AUD/CNY). Analysts cite improving domestic conditions, robust labor markets, and Australia's strategic role in supplying high-grade commodities to China as key drivers.


Target Trade

0.88900
0.88300

Key facts
1: down trend.
2: higher low & lower low position.
3: River pattern strategy.

It's my take. What you think about AUD/CAD pair, write in comment section below. Thanks