AUDCAD is heading towards the support line of a Channel Down and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
AUDCAD is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
