ForexKei-Official

AUDCAD broke support level and continuously downtrending

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Comment:

AUDCAD Daily timeframe shows it broke the support level of 0.9454 and continuously downtrending as per below Ichimoku confirmation.

Ichimoku Trend Analysis (Daily):

- Kumo (Senko span A and B) down
- Kijun send down
- Tenkan sen down
- Chiko Span below candles

Next Scenario:

Waiting for the most recent breakout at 0.9424 level in H4 and look for a selling edge. The target is on next support level at 0.9300.

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