澳元/加元

Potential bullish swing

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Price started to decrease since the 0.90567 high and created a nice bearish channel. In this channel we acknowledged multiple breaks of market structure, the last break led to the 0.86000 low and price swiftly went bullish to the 0.87660 swing high which gives the idea of a change in market structure. Since the upward move created this minor divergence, price is anticipated to mitigate the demand zone and not make a liquidity sweep at 0.86252 to give us a bullish market. However, we should be wary of the current low and in this potential bullish swing, the ultimate target is 0.90303…

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