AUDCAD - Short Possibility

Updated
Currency Pair: AUDUSD
Frequency: 4H
Predicted Direction:
(1) Short Possibility if it breaks 200MA straightaway then the price is still in a downtrend channel. Target 0.9760
(2) Long Possibility if it breaks the downtrend channel at 1.00169. It will follow the bullish flag pattern to the price at 1.01445

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FlagSupport and Resistance

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