The AUDCAD pair reached a resistance zone on the daily timeframe which aligns with the 38.2% Fib level.
The pair is trading in a falling channel, and the daily candlestick looks like an indecisive spinning top.
With recovering oil prices, the pair might see lower prices by the end of the week.
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The pair is trading in a falling channel, and the daily candlestick looks like an indecisive spinning top.
With recovering oil prices, the pair might see lower prices by the end of the week.
Please hit the "LIKE" button to support us. Thanks!
Trade closed: target reached
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Related publications
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.