AUDCAD BULLISH SIGNS AND POSSIBLE RECOVERY

Since May AUDCAD is following a strong bearish direction, finally we might have the sign of a possible recovery, the pair failed to make a new lower low. If the pair manages to exit the bearish channel we will assist to a possible bullish move of 150 points reaching a key level at 0.94100. I will enter this buy position only if AUDCAD reaches 0.92850, with a tight stop loss.