AUDCAD - Price Action Indicator signals Short

Australian Dollar/Canadian DollarFXCM

Description

⋅ Sep 18, 2020 12:45 PM

Our price action indicator signals a bearish entry on AUDCAD. As we can see from our technical analysis, the price broke down a bullish channel. The indicator tells us to place a pending order exactly at the retest of the trendline

Comments

transparent-fx

⋅ Sep 18, 2020 12:52 PM

audcad currently it's testing quite strong resistance on the daily, so definitely possible to see a move down