Ransquawk

AUD/CAD moves very technically during last few weeks. We have a clear layout of higher lows and higher highs. This week, the bearish correction slowed down and the next higher low was drawn. The price has been steadily increasing since then. The situation looks interesting from a week perspective, where the layout of ever-higher lows remains from half of 2015. The declines that lasted for most of last year, in line with the wedge formation, slowed down almost exactly at the level of the previous low. It seems that the price should currently move at least to 1.00.

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Ransquawk