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AUDCAD - Bearish Technical Evidence 6 (more to come)

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
SPATrading  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis
4
0
trendanalysis
Buyers extended price outside of the bearish price channel, a channel that price is respecting for the last 3 year. The daily is forming a flag around the upper boundary of the channel preparing us for a great move. Is this an accumulation or distribution of AUD? This week we will know…and with patience we wait to see…
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