DeGRAM

AUDCAD fall from strong resistance zone

Short
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
After the price came to the support line, it rallied to the resistance zone.
We opened a sell from the resistance zone and the price continues to form a trade.
It is in the resistance zone at the intersection of two lines.
One of these lines was formed in May 2020.
The price fixed on this zone in a series of touches.
This strong resistance will be a barrier to growth. I expect the price to fall.
Target - support line around 0.924.

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