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Sascha_Gogolin

AUD/CAD - Possible change in order flow

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
Sascha_Gogolin Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
price-action Support and Resistance balancearea correctivestructure short shortsetup
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price-action supportandresistance balancearea correctivestructure short shortsetup
The strong sell off over the last couple of days indicates a possible change in order flow and that the sellers are coming in with more force. If they are able to maintain control, a possible scenario is a pullback into the 0.9950-0.9980 area and continued selling towards 0.9910 and 0.9840.
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Second target level reached!
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