I'm interested in commodity dollar and watch closely on them. I want to share my technical view of crossed pair AUDCAD. I expect a consolidation period ahead and price would bearish slightly before go up again. The market sentiment for AUD is neutral and CAD is slight bearish now. Let's see the charts below:

1. Weekly chart: The ABCD pattern completed and now it's time to consolidate. Strong resistance is around 1.035 and strong support area around 1.005 level. more detail in daily chart!

2. Daily chart: We could see a falling wedge consolidation ahead. I don't know it would take how long time but I expect price will slice untill 1st of July!


My target: 1.0083 on 1st of July!

Good luck to everyone
Haynes
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