FX.co ★ Daily Video Analysis: AUDCAD facing bullish pressure, potential for further rise!

Today we take a look at AUDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. AUDCAD is approaching our support level at 0.95351, which is in line with our 78.6% Fibonacci retracement, where it could potentially rise further to our take profit level at 0.95904, which is in line with our 78.6% Fibonacci retracement. It is worth noting that price has formed a triangle pattern, which is in line with our analysis.