AUD/CAD 4H Chart Emerging Pattern: Channel Up AUD/CAD has formed a Channel Up pattern on the 4H chart. The pattern has 57% quality and 100% magnitude in the 120-bar period. The pattern began on 5th of January when the pair peaked to 1.0439; at the moment is trading at the daily pivot (PP) at 1.0569. Trading volume seems to be holding at the same level in the length of the pattern. Technical indicators on aggregate point at appreciation of the pair on suggesting it should continue moving
