AUDCAD 1h Breakdown – Bearish Momentum Below Resistance
AUDCAD is showing weakness after failing to sustain above the 0.99261 resistance zone. Price has been moving lower and is now trading near 0.98898, threatening a bearish breakdown toward the downside targets.
A confirmed move below current levels could accelerate selling pressure toward the first target near 0.97400, followed by the second target near 0.96800.
· 1st Target: 0.97400
· 2nd Target: 0.96800
· Resistance Zone: 0.99261 – 0.99672
· Bias: Bearish below 0.99261
Traders should watch for a confirmed breakdown with bearish candle close before considering downside continuation setups.
AUDCAD is showing weakness after failing to sustain above the 0.99261 resistance zone. Price has been moving lower and is now trading near 0.98898, threatening a bearish breakdown toward the downside targets.
A confirmed move below current levels could accelerate selling pressure toward the first target near 0.97400, followed by the second target near 0.96800.
· 1st Target: 0.97400
· 2nd Target: 0.96800
· Resistance Zone: 0.99261 – 0.99672
· Bias: Bearish below 0.99261
Traders should watch for a confirmed breakdown with bearish candle close before considering downside continuation setups.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.