Hi friends,

Seems that we have interesting opportunity forming on AUDCAD 4H chart.

The is daily band to band move on the bollinger bands, and the pair is right on 200 daily moving average.

On 4H chart we can find clear divergence which means that the pair will create a bottom soon and start it’s correction up.

The important supports to watch for this retrace are –

1.0390
1.0340
1.0250

Here is the chart:

I wish you a wonderful day

Vladimir Ribakov