AUDCADAs we can see in the analysis Above, The pair has been on a downtrend since April 2021 based on the 200 Moving Average
Currently, it has just touched the 200 MA line again and I expect a sell from on a Daily Timeframe.
There is also a trendline that has been valid since July 2021, and it just touch the trendline resistance.
There is also a Double top pattern on 4hrs Timeframe
NB
The pair just completed the XABCD pattern on a weekly timeframe, meaning the pair just started a bullish run on a weekly TF so trade with care
That is my submission
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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.