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CADAUD Headed Lower to Retest 2017 trend line

Short
CANADIAN DOLLAR / AUSTRALIAN DOLLAR (FX_IDC:CADAUD)  
StampsFX  
FX_IDC:CADAUD   CANADIAN DOLLAR / AUSTRALIAN DOLLAR
Trend Analysis Technical Indicators CADAUD cadaudsell Technical Analysis
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trendanalysis indicator cadaud cadaudsell technicalanalysis
CADAUD appears to be heading lower. It is in a very deep downtrend. The market has formed a "W" pattern, which is a bullish sign BUT it appears that price has bumped against the upper trend line. The market has not retested the 1.000 level so this tells me price may still be headed down. Hopefully the buyers won't get trapped in the market.
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