AUDCAD 1h Analysis
Correction ended at 0.940 psychological level and roughly at the 78% fibonacci retracement
The 100 SMA is still up, but flattening, which may be a sign of reversal
If the correction confirms, then this is a distribution phase
The 100 SMA is still up, but flattening, which may be a sign of reversal
If the correction confirms, then this is a distribution phase
Note
Full analysis:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.