FX.co ★ AUDCAD H1: Bullish Rectangle

According to the chart of H1, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9942 and support 0.9912. In case the resistance level 0.9942 - 0.9942 is broken, the instrument is likely to follow the bullish trend.