AUDCAD
The price has created a downtrend inside of the descending channel formation. At this moment we can observe price movement condensing. Once it approaches the tip of the formation’s lower band and the downtrend line, it will break out to the up. Then, the price will head towards 0.9940 level, which will be a strong resistance.
The price has created a downtrend inside of the descending channel formation. At this moment we can observe price movement condensing. Once it approaches the tip of the formation’s lower band and the downtrend line, it will break out to the up. Then, the price will head towards 0.9940 level, which will be a strong resistance.