In the end of September bulls tried to break 1.0150 resistance. It ended with correction which last for almost two weeks now. Correction created flag pattern in form of bearish channel opposite to previous price movement. In this case flag has bullish sentiment and in nearest time AUDCAD should leave it above.

Since beginning of today’s session AUDCAD gains and as a result uppere band of mentioned channel was broken. So far this level caused rebound but after data from US and Canada there can be some more dynamic movement. The closest resistances: 1.0080, 1.0150, 1.0200. Supports: 1.0000, 0.9960.

2016-10-07_analiza_audcad_d1 2016-10-07_analiza_audcad_h4

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