maccabean

AUD/CAD at a period of indecision.

FX:AUDCAD   Australian Dollar/Canadian Dollar
2
We see here a period of indecision with the Doji and the MACD indicator. I'm not saying to go short or long ...perhaps price will move sideways. What I'm saying is to watch this chart for the next couple of candles. My bias is towards the downside with the doji and the resistance line. WIth the AUD/USD superimposed over the AUD/CAD which has a strong correlation, the sell looks even more appealing.

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