AUDCAD is moving in a slightly descending channel and is touching the upper edge of that channel.
Breaking of the strong support 0.9285 and RSI going below %50 confirms the downward momentum.
We have a selling opportunity and can see the currency go down to 0.9094
Please share your valuable comments and 👍 if you like this idea 🙂
Breaking of the strong support 0.9285 and RSI going below %50 confirms the downward momentum.
We have a selling opportunity and can see the currency go down to 0.9094
Please share your valuable comments and 👍 if you like this idea 🙂
Trade active:
Wait for retracement to 0.9250 and sell again.
Trade active:
Brekout of strong support 0.9193 will confirm further decline.
Trade closed manually:
The currency changed its direction upwards.