AUDCAD: Very Bearish Setup 🇦🇺 🇨🇦

Short

Australian Dollar/Canadian Dollar (OANDA:AUDCAD)

OANDA:AUDCAD Australian Dollar/Canadian Dollar

Head and Shoulders Candlestick Analysis Supply and Demand AUDCAD australiandollar canadiandollar CAD forecast trading trader

headandshoulders candlestick supplyanddemand audcad australiandollar canadiandollar cad forecast trading trader

snapshot

Hey traders,

What a breakout on AUDCAD.
The price broke and closed below a wide horizontal neckline of a head and shoulders pattern on a daily.
The broken neckline turned into a key resistance now.

I will expect a bearish continuation to 0.876 support now.

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