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TradeChartPatternsLikeThePros

AUDCAD RECTANGLE CHANNEL

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Dolar Australia/Dolar Kanada (FX:AUDCAD)  
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FX:AUDCAD   Dolar Australia/Dolar Kanada
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Hello Traders! Welcome! Today, we're examining AUDCAD and identifying a promising trading opportunity. The price has been moving within the boundaries of trendlines, with the upper trendline breakout at 0.89883 and the lower trendline breakout at 0.89382. Notably, the price has recently broken below the lower trendline breakout at 0.89382, suggesting a bearish scenario for the pair. Targets are set by measuring the height of the rectangle channel to 100%, resulting in a target of 0.88053. Stay tuned for updates and happy trading!
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