YGForex

AUDCAD Facing Great BEARISH Pressure!!!

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
After a movement to the 461.8% fib level, we start to see BULLISH candle weakening with longer wicks. With this movement it brings us to the next price level for AUDCAD which I strongly believe a BEARISH retracement will occur before further BULLISH movement. With that, tomorrow's candle must be a strong BEARISH candle engulfing this candle showing a fakeout from the resistance level @0.9785. As of now, I will be BEARISH for this pair as I do not see any form of BULLISH continuation for now.

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