maccabean

AUD/CAD at a period of indecision.

FX:AUDCAD   Australian Dollar/Canadian Dollar
172 3 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.
maccabean
2 years ago
my website: www.thealphagenerator.com :)
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JesusDiaz
2 years ago
It is interesting to note that every bounce off of that lower trendline has progressively gotten weaker. I definetely will be looking for a break of that trendline soon. Good observation
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maccabean
2 years ago
that's a good observation too Jesusdiaz
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