AUDCAD rejected from downtrendline with bearish movement
Price broke lower edge of reversal rising wedge pattern
Price is below HVN at level 0.9564 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
It's expected to target support level at 0.9450
Price broke lower edge of reversal rising wedge pattern
Price is below HVN at level 0.9564 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
It's expected to target support level at 0.9450
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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.