The Pair is trading in a range near the Resistance Zone. The Pair is consolidating between 0.8920-0.89605, we need to wait for the Pair to break beyond this level, if the Pair is able to break on either side, following are the conditions which need to be followed.

If the breakout is on the upside the Pair has to close above 0.8920, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the breakout is on the downside the Pair has to close below 0.89605 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

AUD/CAD

May 13 2022