🔹 Entry: 0.9068
🔹 Trend: Bearish
🔹 Potential Pullback Levels: 0.9090 - 0.9100
🔹 Target: 0.9020 - 0.9000
🔹 SL: Above 0.9110
AUDCAD remains in a selling zone, and we are maintaining a short position from 0.9068. While short-term price action may push the pair toward 0.9090 - 0.9100, the overall trend favors sellers.
🔍 Technical Analysis:
✅ Moving Averages: Price is trading near key resistance levels with potential rejections.
✅ Structure: Lower highs and lower lows indicate bearish momentum.
✅ Key Resistance: 0.9090 - 0.9100
✅ Key Support: 0.9020 - 0.9000
As long as AUDCAD remains below 0.9110, the bearish outlook remains valid. A break below 0.9050 could accelerate the downside move.
📉 Sell on rallies, stay patient, and follow the trend!
#AUDCAD #Forex #TechnicalAnalysis #PriceAction #SellSignal
🔹 Trend: Bearish
🔹 Potential Pullback Levels: 0.9090 - 0.9100
🔹 Target: 0.9020 - 0.9000
🔹 SL: Above 0.9110
AUDCAD remains in a selling zone, and we are maintaining a short position from 0.9068. While short-term price action may push the pair toward 0.9090 - 0.9100, the overall trend favors sellers.
🔍 Technical Analysis:
✅ Moving Averages: Price is trading near key resistance levels with potential rejections.
✅ Structure: Lower highs and lower lows indicate bearish momentum.
✅ Key Resistance: 0.9090 - 0.9100
✅ Key Support: 0.9020 - 0.9000
As long as AUDCAD remains below 0.9110, the bearish outlook remains valid. A break below 0.9050 could accelerate the downside move.
📉 Sell on rallies, stay patient, and follow the trend!
#AUDCAD #Forex #TechnicalAnalysis #PriceAction #SellSignal
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.
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.