AUD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.93596, 0.93829, 0.94000.
Key Support Levels: 0.93330, 0.93145, 0.93000.
The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and a series of lower highs and lows has been posted where further movement to the upside could be seen.
AUD/CAD Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 0.93363
Target Profit 1 @ 0.93596
Target Profit 2 @ 0.93829
Stop Loss @ 0.93130
Trade Safely 🙂