AUDCAD: Bearish Breakout & Bearish Continuation 🇦🇺🇨🇦

Short

Australian Dollar/Canadian Dollar (OANDA:AUDCAD)

Updated

OANDA:AUDCAD Australian Dollar/Canadian Dollar

Trend Analysis Support and Resistance Supply and Demand AUDCAD fx fxtrader trader forextrading

trendanalysis supportandresistance supplyanddemand audcad fx fxtrader trader forextrading

snapshot

AUDCAD is trading in a bearish trend.
After some consolidation and stagnation within 0.925 - 0.942 trading range,
the price managed to break and close below its support on a daily.

Now 0.925 - 0.93 is a supply zone from where I expect a trend-following move.

Goal - 0.915

❤️Please, support this idea with a like and comment!❤️

Comment:

Check my new idea on AUDNZD:

AUDNZD: Consolidation & Complete Indecision 🇦🇺🇳🇿

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Related Ideas

about USDCAD 15

about XAUUSD 15

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.