AUDCAD - Short from DOUBLE TOP - 0.9577
The AUDCAD is currently trading between an ascending wedge which is a reversal signal into a sell. Traders can look for sell positions (entry orders) from the top level of resistance at roughly 0.9577 to get a better entry.
Stop losses set above the resistance level.
Over a longer term view you can see resistance at 0.9577 will also be the cap of the negative trend line.
Stop losses set above the resistance level.
Over a longer term view you can see resistance at 0.9577 will also be the cap of the negative trend line.
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