As of now, I see a good resistance zone for AUDCAD as it moves to retest this broken support zone before it continues its BEARISH movement. Do keep a look out for this pair. 23.6 - 38.2 fib level gives us a good opportunity to sell this pair. I will see this pair moving back to its broken trend resistance. (Red Line) Looking at the other fib line i draw, you can see the 23.6 fib level being rather significant with many retest at this zone previously. (Circles) Definitely, this will be a level to watch before BEARISH continuation.
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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.