AUDCAD:- BULLS ARE ATTEMPTING TO TAKE THE CHARGE BACK

On 30 min. time frame bulls have shown some resistance and has kept the price above a certain level. In this process a bullish divergence has been formed on the RSI which indicates the strength of bulls. Since the overall trend is bearish we shall wait for the price to cross previous LH and if the price sustains the current level it shall be a HL. Thus the bias shall favor the bulls and we may initiate a Long trade.

Due diligence and strict money management is solicited.

Have a profitable trading.