AUDCAD Inverted head and shoulder with a pull back
Market Instrument: AUDCAD
Timeframe: Daily
Analysis: Technical
Structure: Inverted Head and Shoulder, Neckline, Pull Back
Prediction: Bullish
AUDCAD created a nice head and shoulder with a good breakout and pull back on the neckline. Here I am expecting a continuation of the bull rally towards the resistance 0.92500 with a good reversal on the following neckline formed.
Timeframe: Daily
Analysis: Technical
Structure: Inverted Head and Shoulder, Neckline, Pull Back
Prediction: Bullish
AUDCAD created a nice head and shoulder with a good breakout and pull back on the neckline. Here I am expecting a continuation of the bull rally towards the resistance 0.92500 with a good reversal on the following neckline formed.