AUD/CAD has formed a Rising Wedge pattern on the 1H chart. The pattern has 87% quality and 71% magnitude in the 109-bar period. The pattern began on 8th of February when the pair dipped to 1.0241; currently it is trading close to pattern’s support at 1.0368; the gap between pattern’s support and resistance narrows by 650 pips in 100 bar period. Trading volume seems to be decreasing in the length of the pattern. Technical indicators on aggregate point at appreciation of the pair on 1H and 4H
