AUD/CAD with strong bullish prospects
Read the article on FBS website
AUD/CAD continues to trade in a bullish pattern formation at H1 chart, after having found a strong resistance near 1.0148. That’s why we cannot discard the idea of a deep pullback to test the Fibonacci area of 50% at 1.0013, at which the pair could gather momentum in order to ride a bullish structure towards the -23.6% Fibo level at 1.0162. To the downside, a strong dynamic supports lies at the 200-hour moving average.
RSI indicator stays in the positive territory.
