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AUDCAD SHORT TRADE BEFORE CAD NEWS

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
Forex48_TradingAcademy  
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis short signals setup AUDCAD NEWS priceaction education strategy
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trendanalysis indicator fundamental short signals setup audcad news priceaction education strategy
On AUDCAD, we have a bullish setup with the price, after yesterday's rally, stalling around the 0.891 area where we have a strong volume concentration. This is a potential reversal zone where the price could reverse course and reabsorb the liquidity left in the market. In fact, we can observe a significant cluster of trades at the 88.90 level. That level will be the target objective in case of a short trade.

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