Our price action indicator signals a bearish entry on AUDCAD. As we can see from our technical analysis, the price broke down a bullish channel. The indicator tells us to place a pending order exactly at the retest of the trendline
We can see that gold has broke the major trendline. We expect a further extension to the 2013 resistance and then expect a retracement phase.
It will be seen whether it will also break the resistance or bounce against it.
