Trend continuation, short AUDCAD – the week of 30 May, 2022

This pair has been bearish since April. The recent retracement has been mostly corrective in nature and now price is stalling around the 0.9100 S/R area. I am looking for the opportunity to take a short targeting the next support at 0.8920.

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Always use sound money and risk management and stay patient in all your trades.

Trade active:

My trade is still active and in profit. Let's see if the decline continues as I expect and closes out next week.