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What are your thoughts on AUDCAD?
AUDCAD has broken below the ascending trendline, moving out of its previous structure. This development could signal a shift in the technical structure in favor of sellers and increase the likelihood of further downside.
Currently, the pair is trading below the resistance zone between 0.9900 and 0.9940. A corrective pullback toward the broken area is expected, where renewed selling pressure could emerge, potentially driving the pair lower toward the projected target.
However, a recovery above the resistance zone, followed by sustained price acceptance above it, could weaken and invalidate the bearish scenario.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
What are your thoughts on AUDCAD?
AUDCAD has broken below the ascending trendline, moving out of its previous structure. This development could signal a shift in the technical structure in favor of sellers and increase the likelihood of further downside.
Currently, the pair is trading below the resistance zone between 0.9900 and 0.9940. A corrective pullback toward the broken area is expected, where renewed selling pressure could emerge, potentially driving the pair lower toward the projected target.
However, a recovery above the resistance zone, followed by sustained price acceptance above it, could weaken and invalidate the bearish scenario.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
Trade ativo
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.