AUDCAD first step - fall, second step - GROWTH

In June last year, the price was able to break through the strong support level of 0.916 during the growth, after which it received a new impetus for growth and returned behind the support trendline of 0.943. This happened in July. After the breakout, the price fixed on the line and continued to grow.

It worked out the correction near the resistance line of March 2014, after which it touched the main resistance trend line 1.000, formed back in 2012! And then she turned around and fell. During the fall, the price broke through the resistance at 0.966. I expect the price to complete the fall and touch the support trendline since 2012! It will reverse at the point 0.936, after which it will rise to the resistance line of 0.961. This will be our goal.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻