AUDCAD 14 Jun 2023 on the H4 timeframe. After successfully touching the 100.0 Fibo level yesterday, the pair bounced and dropped towards the 61.8 fibo level. However, it appears that there has been a trend reversal from bearish to bullish at the beginning of today. referring to the RSI indicator, it appears that the pair is still holding above the 50 level, and continues to rise towards the 100 level. If the bullishness continues to return towards the 100.0 fibo level, then go-long could be an option. Conversely, if this pair is unable to continue the bullish trend that occurred, then go-short is an option when the bearish trend returns.
