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Pika7993

4 hour sell technical analysis

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
Pika7993  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI) oversold support Support and Resistance AUDCAD technical
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trendanalysis indicator chartpattern macd relativestrengthindex oversold support supportandresistance audcad technical
Presented is the four hour chart with MACD and RSI playouts.

RSI has been trend trading within oversold zone and continues with a confirmed MACD/SIGNAL divergence below zero line.

Two take profit points the first being .95900 with a take profit 2 at .91400 if first support breaks.

Please comment with thoughts and ideas. Thank you!
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