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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!❤️
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✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.