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AUDCAD Sell opportunity with Death Cross emerging

The AUDCAD pair is on a Lower Highs rejected and ahead of a Death Cross formation on the 1D time-frame. Since 2022, we have seen two Falling Wedge patterns, which accelerated selling after the completion of a 1D Death Cross. The first target on both occasions was the 1.236 Fibonacci extension.

As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236 ext).

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