AUD/CAD (Daily Chart) - One More Leg Down?
This pair has fallen quite a bit, but it looks like it might still have one more leg of decline left.
After bouncing up from the strong support level, prices were unable to stay up long, and ultimately formed a bearish pin bar.
Since prices were rejected on the upside, there is a strong possibility that prices will head down to test the support again.
After bouncing up from the strong support level, prices were unable to stay up long, and ultimately formed a bearish pin bar.
Since prices were rejected on the upside, there is a strong possibility that prices will head down to test the support again.
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