Audcad downtrend
AUDCAD
The market broke and fixed below the range zone. The pullback from support was rejected by forming long tailed bar. The market is testing the resistance, upper border of the ascending channel and trendline. I'm waiting for a bearish trend to continue because price action made lower swing highs and lows, sellers are pushing the market lower. My target is previous low/support at 0.90450
The market broke and fixed below the range zone. The pullback from support was rejected by forming long tailed bar. The market is testing the resistance, upper border of the ascending channel and trendline. I'm waiting for a bearish trend to continue because price action made lower swing highs and lows, sellers are pushing the market lower. My target is previous low/support at 0.90450
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