AUDCAD Set for Bearish Correction After Struggling to Rise
AUDCAD Set for Bearish Correction After Struggling to Rise
The AUDCAD pair recently broke out from a bearish pattern, suggesting a potential downward movement. While further confirmation is needed to solidify this trend, the pair already appears poised for a continued decline.
A minor support zone is located near 0.9010. However, this area may not hold, and there is a strong possibility that the price could breach this support and target the lower levels of 0.8993 and 0.8960.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The AUDCAD pair recently broke out from a bearish pattern, suggesting a potential downward movement. While further confirmation is needed to solidify this trend, the pair already appears poised for a continued decline.
A minor support zone is located near 0.9010. However, this area may not hold, and there is a strong possibility that the price could breach this support and target the lower levels of 0.8993 and 0.8960.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade attivo
Nota
AUDCAD - Update Read the analysis
Nota
AUDCAD - Target reached:)
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✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.