AUDCAD Chart Technical Outlook broad bias is bullish. Prices have been consolidating since early December after completing a bullish five-wave structure. The recent price action is mixed and corrective.
The pair correlates positively with stocks. The current risk aversion could push prices lower. I expect the sell-off to be limited and find buyers around the pivot support of 0.8900.
Buy limit order AUD/CAD at 0.8910
