AUDCAD to continue on its downtrend
Our lower low made contact with our lower Donchian Channels while also remaining under our mid range section. The larger gap between top and bottom Donchian Channels show large volume. Also we are well under our 100 day MA.. It looks like we may encounter some support from the 0.92814 region, but trade with this in mind and account for it. Keep an eye out for any fundamentals over the weekend which may cause a dramatic shift in the market.
Entry- 0.936622
Stop Loss- 0.94272
Take Profit- 0.91516
In and around 215 pips
Entry- 0.936622
Stop Loss- 0.94272
Take Profit- 0.91516
In and around 215 pips
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