Great Rejection From AUDCAD...Short Term BULLISH!!!

As we can see from our chart, the support level (green level) still remains a rather strong level for AUDCAD as we see a nice daily candle rejecting off this zone. As of now, I see AUDCAD retest a level that is previously broken @0.9405 price level also near to 50.0 fib level. For now, a retracement is very valid but do keep a lookout at 38.2 fib level in case of a BEARISH continuation. Therefore, a short term BULLISH trade opportunity is a great opportunity for now.

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