AUDCAD: Potential Trend Continuation

16 Eyl 2020

Hey guys,

Important CAD news today. We gonna see a lot of fundamental statistics in 40 minutes.
It may drive AUDCAD to new structure highs.

currently, the price is consolidating within an ascending triangle formation.
daily candle close above its resistance will be a good signal for us to buy on a pullback.

target levels:
0.975
0.98

in case of positive news, the price may retrace and retest the support of the channel one more time.

be prepared for both scenarios and act accordingly.