Look for a rejection at the 0.96000 area to short

Short

Australian Dollar/Canadian Dollar (FX:AUDCAD)

Updated

FX:AUDCAD Australian Dollar/Canadian Dollar

Trend Analysis Moving Averages

trendanalysis movingaverage

Looking to short the AUDCAD

Comment:

We saw really strong news for the CAD at NFPD at friday, and we have continously seen weaker AUD news. We have broken the daily ascending trendline and closed below the both monthly and weekly resistance. Anticipating a break below the daily lower high point and hit the key level of 0.95000.

Comment:

I do not anticipate a pullback to test previous broken daily resistance, if we look at previous times price has made a huge major move it usually consolidates before it makes another major push to the downside

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