AUD/CAD Sell Opportunity From Trendline Resistance

For 21 trading days, AUD/CAD has been rising. Now AUD/CAD is testing its trendline resistance zone. So, we are expecting AUD/CAD may drop from this level.

0.9230/0.9260 is identified as a trendline resistance zone. As long as the market is below trendline resistance, it has chances to drop.

So, selling Between 0.9230 and 0.9260 could be a good swing trade. Stop-loss above 0.9300 price zone.

The first target to the downside is 0.9166. Breaking below 0.9166 will open the door for 0.9120, and the final target to the downside is 0.9090.

On the other hand, breaking above 0.9300 may open the door for a long-term buy.