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AUDCAD SHORT - PRICE IS LOSING MOMENTUM AT DAILY LEVEL!

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
mikoaodu  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis audcadshort audcadanalysis AUDCAD Forex forexanalysis swingtrading swingtrade
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trendanalysis chartpattern waveanalysis audcadshort audcadanalysis audcad forex forexanalysis swingtrading swingtrade
AUDCAD has been moving very correctively on the H4 timeframe and is starting lose its overall bullish momentum and a bearish reversal is on the cards now. We are currently at a daily level of resistance and if we start to see strong bearish price action coming into the market we could see a move lower as price finds support to continue in its bullish trend. If we do see a move to this level we could then see price continue in its uptrend and we could get a longer move back to the highs that we were trading at previously during the middle of September.
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