AUDCAD: the beginning of a new trend and growth in it
After the price reversed about 0.998 in February, a downtrend began. It ended at support 0.948. The price bounced from this level, broke through the 0.956 trend line and continued to grow. It is now clear that a new uptrend has formed during the price growth. The price is at the support 0.966 and can be expected to grow from it and touch the resistance at 0.980.
Remember, there is no place for luck in trading - only strategy!
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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