First Of all I would like you to see my earlier Post
Updated chart of Aud/Cad
I mention last week about the chart aud/cad and its momentum after testing the low of 1.0120 and then It continues to shift the momentum higher, Price often reacts strongly when it goes against the strong buyers or strong money.
In this chart we have seen, Possible accumulation and then breakout and Imbalance which carries the momentum through out a day which was neutral day and after than we have seen only momentum candles and Price holding the higher prices. And Now if we again see the shift in Value and Momentum we have some strong protection area with strong background and that is what we should always be eye when market goes against the strong holders.