AUDCAD: Bearish Outlook Explained 🇦🇺🇨🇦

Short

Australian Dollar/Canadian Dollar (OANDA:AUDCAD)

OANDA:AUDCAD Australian Dollar/Canadian Dollar

trendline doubletoporbottom candlestick audcad australiandollar canadiandollar aud cad forecast trader fxtrading

As we discussed on the yesterday's live stream, AUDCAD looks very bearish:
the price has broken 2 rising trend line on a daily,
formed a double top and broke its neckline as well.

The price is retesting the confluence zone based on the broken structure.

Probabilities are high that the pair will drop soon.
Goals: 0.924 / 0.916

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AUDCAD: Bearish Outlook Explained 🇦🇺🇨🇦

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