AUDCAD good time to BUY

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Since November, the price has entered the zone between two lines: support and resistance. And during the last month she moved between them. So - my previous forecast came true: from the resistance line the price fell to the support line.

AUDCAD starts FALLING from RESISTANCE line


Now the price is near the support 0.955 - but you can already see that it started to grow after touching the line.
This is a small support line since early November. But it is clear that the price has never broken through it. I think that she will not be able to do this even now.

I expect the price to rise from the support line to the resistance level of 0.958. This means we can open a buy trade!
I will never tire of reminding you of the importance of SL - set it below the support line around 0.953.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

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