AUDCAD Short Term Forecast

315
D1 - Bullish trend pattern.

The price has reached a key resistance zone formed by the 161.8% (0.96314) fibonacci expansion level of the first wave and the 61.8% (0.98591) fibonacci expansion level of the second wave. Shooting star candle pattern, potential bearish divergence.

Expecting corrections to happen now.

H4 - Engulfing candle pattern. The price has created a false break of the wedge pattern.

Expecting the price to continue lower further in the short term.

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.