Level To Watch: #AUDCAD come back in the downtrend tunnel
The early uptrend rallye broke the tunnel top, but the forming divergence and the resistance level can generate a down trend upcoming to meet the last low at 0,94 or the tunnel low, but this scenario is a bit optimistic at this point.
On Monthly scale, price fails to break SMA200 and should give more confluence power to our short scenario.
Stay tune.
Cheers,
Mr.Tdr
On Monthly scale, price fails to break SMA200 and should give more confluence power to our short scenario.
Stay tune.
Cheers,
Mr.Tdr
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