AUDCAD: Pullback From Key Level 🇦🇺🇨🇦

٣١ أكتوبر ٢٠٢٢

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

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