Audcad is currently at a weekly resistance that was once respected before crashing back down to the daily support I have marked up. If price is gonna respect that weekly resistance I would want to to see a break and retest of the last higher low to confirm shorts for the week. If that happens I'll short the pair until price can reach daily support. We did get a daily candle closure below the weekly resistance so we'll have to see how the smaller time frames move.
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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.