Stoic-Trader

AUDCAD Correction over, long opportunities ahead

Long
FX:AUDCAD   Dollaro australiano/Dollaro canadese
After few weeks of continued correction, this pair finally broke above the black trendline, which is the top of an ending diagonal (blue 1-5).

After the strong push up from 0.89, we are looking at a smaller correction, which I expect will gest the top of the ending diagonal that was broken. A bounce from the yellow area would trigger a long trade for me.

First target is .96-.965 resistance, but I expect the pair to go much higher further on.

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