FX:AUDCAD   Australian Dollar/Canadian Dollar
This pair is originally a down trend. However, we can see the flag price action continuation pattern getting way narrower and narrower, which is a small indication of a trend losing strength. The MACD divergence favors an uptrend. However the only confirmation is if the price breaks out the box zone(support and resistance area) which will confirm trend continuation or reversal.


Please like and follow for more charts.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.