AUDCAD: Pullback From Key Level 🇦🇺🇨🇦

31 Eki 2022

AUDCAD dropped to an important confluence zone last week.
The underlined yellow area is based on the intersection between 618 retracement of the last bullish impulse
and a horizontal intraday demand zone.

The market formed a doji candle on that and was nicely rejected.

On an hourly time frame, I spotted a confirmed breakout of a resistance line of a falling wedge pattern.

I believe that the pair may bounce soon.
Targets: 0.876 / 0.878

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️