AUDCAD Analysis: Price following a triangle pattern
As we can see well the price is following a clear triangle and is headed to the resistance line. We can capture some few pips as we wait it to get there.
If it manages to break the triangle from the top it will be a good buy opportunity. 0.90177 will be our first target(where it is likely to reach before retesting the breakout) and 0.91421 our second target.
Share your views in the comments.
If it manages to break the triangle from the top it will be a good buy opportunity. 0.90177 will be our first target(where it is likely to reach before retesting the breakout) and 0.91421 our second target.
Share your views in the comments.