MisterTrader
Short

Level To Watch: #AUDCAD come back in the downtrend tunnel

FX:AUDCAD   Australian Dollar/Canadian Dollar
407 0 1
The early uptrend rallye broke the tunnel top, but the forming divergence and the resistance level can generate a down trend upcoming to meet the last low at 0,94 or the tunnel low, but this scenario is a bit optimistic at this point.
On Monthly scale, price fails to break SMA200 and should give more confluence power to our short scenario.

Stay tune.
Cheers,

Mr.Tdr
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