AUDCAD going short
AUDCAD is moving in a slightly descending channel and is touching the upper edge of that channel.
Breaking of the strong support 0.9285 and RSI going below %50 confirms the downward momentum.
We have a selling opportunity and can see the currency go down to 0.9094
Please share your valuable comments and 👍 if you like this idea 🙂
Breaking of the strong support 0.9285 and RSI going below %50 confirms the downward momentum.
We have a selling opportunity and can see the currency go down to 0.9094
Please share your valuable comments and 👍 if you like this idea 🙂
Trade active
Wait for retracement to 0.9250 and sell again.Trade active
Brekout of strong support 0.9193 will confirm further decline.Trade closed manually
The currency changed its direction upwards.
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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.