AUDCAD is moving in the descending channel. Price created the confluence zone and fibo psychological levels.
The market made a consolidation zone and broke through it, making it lower low/lower close.
It broke and closed below 0.87000, and it's pulling back again, which will act as a strong resistance level.
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The market made a consolidation zone and broke through it, making it lower low/lower close.
It broke and closed below 0.87000, and it's pulling back again, which will act as a strong resistance level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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