You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.9046 but consider reducing the size of your position as the price gets closer to that target.
After testing support twice in the past, AUDCAD has finally broken through. Can we expect a bearish trend to follow?
