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AUDCAD - Education - Thoughts on Monday 9th

Australian Dollar/Canadian Dollar (FX:AUDCAD)  
ForexCoaster Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Support and Resistance Supply and Demand aud CAD Technical Analysis
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trendanalysis supportandresistance supplyanddemand aud cad technicalanalysis
Recently buyers have troubles pushing the market up(the area is within blue rectangle). In the last movement up we can see a channel and fading of the moventum (which is shown as a lower high on MACD) in comparason with the previous run. In our technical analysis we have two scenarios. However, at the moment we stay neutral as the channel hasn't been broken yet, but the mommentum is weak.

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Scenario number 2 works well now.
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