AUDCAD - 240 - Wait for it

Quick idea.

AUDCAD is stuck near its key barrier, at 0.9120. We are waiting for a break above that barrier before examining a further move up. If that level holds, then a drop below the 0.9082 could send the pair back down again. This might confirm that AUDCAD is currently stuck inside a wide range, roughly between the 0.9120 and 0.8960.

Please see the chart for levels and targets.

Don't forget your stop-loss.