AUDCAD - 1H CHART ANALYSIS

Hi guys,

Please see attached my chart analysis of the AUDCAD 1H chart.

As we can see price is consolidating in the channel and has now pushed back down towards the support.

From here as marked up we have 2 options:

1 - Wait for a bounce off the support and a bullish candle to follow and place a buy looking to tap into the price range of .9376 - .9394
2 - Wait for a breakthrough below and then a retest on support turned resistance and then look for a sell opportunity tapping into the price range of .92915

Happy trading!

Any likes and comments would be much appreciated.

DWFX