AUDCAD was identified at around 0.89489 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.8858 level.
Important support line being approached by AUDCAD. This price has been tested numerous time in the last 21 days
