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AUDCAD: Bearish Outlook Explained 🇦🇺🇨🇦
Australian Dollar/Canadian Dollar
Short
AUDCAD: Bearish Outlook Explained 🇦🇺🇨🇦
By VasilyTrader
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Jan 22
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Jan 22
https://www.tradingview.com/x/WiWogCfZ/
AUDCAD is trading in a bearish trend.
After the price set a new local lower low,
the price retraced to a solid horizontal resistance.
After its test, the market violated a support line of a rising channel.
We see a strong bearish reaction after its retest.
The price will most likely keep falling at least to 0.8827
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AUDCAD
Forex
forexsignals
Parallel Channel
priceaction
priceactiontrading
signals
Support and Resistance
trading
tradingsignals
Trend Lines
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