AUD/CAD 4H Chart Emerging Pattern: Channel Up AUD/CAD has formed a Descending Triangle pattern on the 4H chart. The pattern has 77% quality and 100% magnitude in the 287-bar period. The pattern began on 7th of October when the pair dipped to 0.9929; currently it is trading at 200 bar SMA at 1.0375; pattern’s support is at 1.0321 and is set to intersect with pattern’s resistance on 24th of January, 04:00 GMT. Trading volume seems to be slightly lower recently, which is not unusual for pre
