AUDCAD looking good for longs

Written by Raul Lopez on . Posted in Trades & Analysis.

Hope you all had a great weekend!

How do you think the market reacted to the Greece austerity plan? Truth be told, I thought the market was going to have larger swings… at least some of the pairs that traded the whole week on a very tight range…

Anyway, last week the AUDCAD broke through an important resistance level triggering a bullish market condition. Now I’m waiting a retracement to the ST support level:

And if it forms a significant pattern with upward pressure, I’ll be going long!

Have a great week ahead!

Raul Lopez
Forex Coaching

AUDCAD analysis, forex

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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