If you don't want to buy AUDCAD, consider selling CADCHF, since they mostly move relative to each other and selling pressure is significantly higher on this pair.
Again we see a broken trendline, ascending this time, awaiting a possible retest. We also see the presence of the 61.8 Fibonacci level that could also present a temporary support, even though I believe that the price has already reacted to the level and will continue downwards.
Overall sentiment is bearish.
Good luck and follow me for more!
(excuse the money triangle)
Again we see a broken trendline, ascending this time, awaiting a possible retest. We also see the presence of the 61.8 Fibonacci level that could also present a temporary support, even though I believe that the price has already reacted to the level and will continue downwards.
Overall sentiment is bearish.
Good luck and follow me for more!
(excuse the money triangle)
