TraderAvDM

AUDCAD Might drop to 0.86 in 2-4 weeks

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD has made a very impressive rally after dropping to 0.8070. But, now it is running into plenty of overhead resistances.

In the hourly timeframe, AUDCAD is showing weakness despite climbing up.

So, I have already placed two sells yesterday ( 0.8890 and 0.8925) with SL above the overhead resistances.

I expect AUDCAD to drop to 0.86 level soon.
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