My thoughts on AUDCAD are as follows, i am seeing bearish momentum within this downtrend that is clearly visible.
i have kept this analysis very simple as it does not need to be complicated on something like this, news is making this pair move so volatile and that is why it is an easy opportunity to enter, i am currently waiting to see how to pair reacts when it reaches the downtrend resistance level then if it rejects that level i will look to short it.
Thank you and trade safe:)
i have kept this analysis very simple as it does not need to be complicated on something like this, news is making this pair move so volatile and that is why it is an easy opportunity to enter, i am currently waiting to see how to pair reacts when it reaches the downtrend resistance level then if it rejects that level i will look to short it.
Thank you and trade safe:)