SeaLionLLC

$AUDCAD bounce in descending triangle

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUD/CAD continues to fall in a bullish descending triangle that will ultimately result in a sharp move to the upside for AUD/CAD . Within this triangle price is now moving against the trend toward the .97 support/resistance level where price should reverse and head lower. Look for resistance to hold and for the TSI to reverse below its signal lines.