ForexKei-Official

AUDCAD continuously bearish, reaching support level

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Comment:

AUDCAD is reaching the support level at 0.9300 as it continues to be bearish as per below Ichimoku confirmations.

Ichimoku Trend Analysis:

- Kumo (Senko span B and A) down
- Kijun sen down
- Tenkan sen down
- Chiko Span below candles

Next Scenario:

After support level breakout at 0.9444 yesterday, market has been continuously downtrending, heading towards 0.9300 support level.

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