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  1. Skilling
  2. Technical Analysis
  3. Will AUDCAD have enough momentum to break support?
Technical Analysis

Will AUDCAD have enough momentum to break support?

Autochartist63bd0fd914d8cc764bbef1b8_en.png

AUDCAD is heading towards the support line of a Triangle and could reach this point within the next 9 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn't happen, we could see a retracement back down to current levels.

Not investment advice. Past performance does not guarantee or predict future performance.

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