AUDCAD breaks high

Morning Dynamic Traders

It's already Friday and nearing the end of another trading week! I hope you've all captured good profits from what the markets had to offer.

This morning is the AUDCAD chart, which was the very first blog I had posted on 10 Sept. Price continued upwards and yesterday we welcomed the BOB. As of this morning price is still continuing up with strength. We have the 9500 mark right above which may or may not act as some kind of resistance. Previous RN's haven't proved to be too much of a problem for this chart. But as with all strong moves, we should expect a breather at some point, so we may well see a retest of R as S before a possible continuation.













Remember to check in on the weekly chart too. As written previously, we were contending with a S/R zone - will the week end with a breakout?

For now there seems to be continued strength in this pair. We do have a significant figure not too far off, so we may still see some strength in price before a pullback. As always do carry out your own analysis.

Take the weekend to analyse your trades - there is something to learn from every one of them! As a wise man once said 'If you're not growing you're dying'.

Wishing you all a wonderful weekend.

Sonia Molina