step by step down down down.

FX:AUDCAD   Australian Dollar/Canadian Dollar
After the head and shoulders completing early 2019 we have seen the same patterns occurring which are just bearish continuation patterns on a larger scale. Of course trades can be taken on a smaller scale if needed but currently we have nothing bullish about this pair. Yet again i do believe we will continue to the downside to at least 0.92000 where we have seen previous huge rejections and moves again to the upside. Also with using the latest fib tool we can see we had rejections at the 618 and from that a -27 fib projection may be decent targets as it lines up right with that 0.92800 whole number but we may also see more downside from this level.


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