Lingrid | AUDCAD retest of the RESISTANCE zone

2 thg 5, 2024

The market is updating the swing highs and higher lows. On the 4H timeframe, it's approaching the two resistance zones. The market usually tests the level, which is higher or lower. AUDCAD broke and closed above the swap zone, and it broke the key level at 0.89500 because the price respected the level multiple times before. The market is ranging after an impulse move upward. It bounced off support and most likely will go up toward resistance from the support level and downward trendline. My target is the resistance at 0.89960


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