AUD/CAD: Buy Opportunity with Bullish Channel
The AUD/CAD is currently consolidating near the middle of the range, but strong support sits just below the current market price with Monthly R1 Pivot support coming in at 1.0503. Given the relatively bullish fundamental outlook, as well as the clear bullish trend on the 4hr chart, traders may look for pullbacks toward the 1.05 area as an opportunity to buy into the uptrend at value.
Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT
