AUDCAD - How do you like the consolidation?
The AUDCAD had a very nice evolution. We can see a consolidation between 1.02710 and 1.0148, but also a trend line of this upside movement. A break through the resistance can activate more gains for the Australian dollar, with a target at 61.8 retrace (1.0376). Otherwise a break under the trend line might trigger new shorts and send the price under the support level (1.0148), with a target at the last low, 1.0048, and another at 1.0020/00