AUDCAD - Simple range short
H4 analysis on AUDCAD shows price ranging between the 0.94000 - 0.93000 psychological levels since the beginning of the month.
Price action at the resistance area (long wicks, spinning tops/dojis) indicates price is struggling to break higher.
100+ pip drop potential, targeting the bottom of the range, in line with the 100 EMA where price may reject.
Price action at the resistance area (long wicks, spinning tops/dojis) indicates price is struggling to break higher.
100+ pip drop potential, targeting the bottom of the range, in line with the 100 EMA where price may reject.
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