AUDCAD: Bearish Outlook Explained 🇦🇺🇨🇦

254
https://tradingview.sweetlogin.com/x/WiWogCfZ/

AUDCAD is trading in a bearish trend.
After the price set a new local lower low,
the price retraced to a solid horizontal resistance.

After its test, the market violated a support line of a rising channel.
We see a strong bearish reaction after its retest.

The price will most likely keep falling at least to 0.8827

❤️Please, support my work with like, thank you!❤️

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.