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Audcadshort

Rejected Off the Resistance for AUDCAD!!!From our previous analysis, we managed to secure the BULLISH movement 0.9405 resistance level where we were planning to look out for a rejection or a break out. As of now, We managed to see a clean rejection and I will be looking to see price movement heading towards a strong support level. However, what we currently see is a short retest movement to a weak resistance at 0.9390. We should see a fall soon for this pair. Do keep a look out will be a good BEARISH trade to support!!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
AUDCAD DISTRIBUTION, BREAK/RETEST AND PREPARATION FOR DECLINEAfter a 6 months advancement, AUDCAD might be brewing a decline. We see a distribution after the advancement, followed by a break of distribution range support, signaling end to distribution. Now price is back for a retest of support now turned resistance and the presence of 200MA at that same support turned resistance area further suggests possible additional strength that will hold price from going up. If however price happens to push back into the range, we can expect distribution to continue for a short while. If resistance holds and price reverses, we might be on time to catch the start of a new trend to the downside, and Christmas would come early for trend followers. Cheers!
Short
by Chinedumnweke
AUDCADLooking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low. Also, using the wave count, it shows AC is about to start a wave 5 movement downwards. The black trendline shows there is a divergence between price and MACD, which marks the high of wave 2 and wave 4. Please feel free to leave a comment and like if you agree
Short
by OwlswiftFX
AUD/CAD New Analysis And 2 Setups Are Available AUD/CAD New Analysis And 2 Setups Are Available 1- A Buy Trade To Our Sell Zone 2- A Sell Trade To 0.92000 This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
by FX_Elite_Club
AUDCAD exhibits series of bearish signAUDCAD Is gradually declining within a downward channel and we can see the slowing of bullish momentum around 0.96500 and started its downward journey. After some minor fall another rising channel was formed and its collapsed towards 0.94000 and managed to reach around 0.96000. For the past two days its in uptrend as the CAD is relatively weak against AUD AUDCAD managed to reach around 0.93500 level. I am expecting AUDCAD will fall from 0.94000 level and will reach the 0.92000 area which is a key psychological level and lower trend line area Give us a like if you found useful
Short
by forexorbit