FX:AUDCAD   Dolar Australia/Dolar Kanada
In a higher combination, one can expect the formation of a pattern with a black target in the range of 0.93869, which overlaps with a smaller pattern with 2 purple targets in the ranges of 0.94166 and 0.93479.

The targets in the range of 0.94166 and 0.93479 of the smaller pattern are exactly at the intersection with the areas of the 1-hour pivot points.

Area B (0.94425) of the current pattern is in the role of a resistance for further reduction - any target after being touched can also be a resistance to reach the next target and there is no need for all targets to be touched.
Penafian

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