capitalpropertiesfx

AUDCAD approaching trendline support

FX:AUDCAD   Australian Dollar/Canadian Dollar
4
We have reached a possible bounce area. It is not clear which pair, AUDUSD or USDCAD, would be leading pair for this cross as both of them are looking a bit heavy (especially Aussie) but nevertheless, one should not rule out a possible move higher current area.

However, don't forget that the trend is clearly down so the conservative approach here would we to wait until we reach resistance.

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