Get started
theforexportal

AUDCAD is caught in a flag formation - SHORT trade favoured

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
theforexportal  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators AUDCAD audcadshort audcadsetup audcadanalysis audcadforecast audcadsignal audcadidea
2
0
trendanalysis chartpattern indicator audcad audcadshort audcadsetup audcadanalysis audcadforecast audcadsignal audcadidea
AUDCAD is caught in a flag formation and will probably zig-zag sideways for a while before it breaks free. There's considerable resistance above so I'm only looking for a SHORT trade where a move down to .890 200 sma on D1 and WS1 support looks likely. One to watch.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.