AUDCAD Chart Technical Outlook dips to be bought close to 0.8737
We are seeing mixed and volatile trading as the cross moves higher within a bullish, but corrective, channel formation.
The eight-hour chart highlights a bearish Evening Doji Star formation. Although this offers an immediate negative bias, I would look for dips as an opportunity to get long. Bespoke support is located at 0.8737. This level has been pivotal.
The medium-term bias would be to sell into gains close to 0.8929. This is bespoke resistance and the projected channel top.
