AUDCAD has been in a downtrend as we can see price impulsively pushed downward which is now in a bearish correctional phase making lower highs but holding the 0.92 level firmly.
Looking at areas of interest, I would like to see price break upwards and complete a larger correction as we add other bearish confluences like a double top and a 3rd touch on primary trend line.
Price may continue to follow the secondary trend and continue to make another lower high and break below the 0.92 level to continue downwards.
What's your view?
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Trade Safe
Looking at areas of interest, I would like to see price break upwards and complete a larger correction as we add other bearish confluences like a double top and a 3rd touch on primary trend line.
Price may continue to follow the secondary trend and continue to make another lower high and break below the 0.92 level to continue downwards.
What's your view?
Share your opinion by leaving a comment!
Thanks
Trade Safe
