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OwlswiftFX

AUDCAD

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
OwlswiftFX  
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis AUDCAD forexsignals audcadsetup forextrading audcadshort forexforecast audcadanalysis forexeducation
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trendanalysis chartpattern waveanalysis audcad forexsignals audcadsetup forextrading audcadshort forexforecast audcadanalysis forexeducation
Looking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low.

Also, using the wave count, it shows AC is about to start a wave 5 movement downwards. The black trendline shows there is a divergence between price and MACD, which marks the high of wave 2 and wave 4.
snapshot

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