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Trading Idea - AUD/CAD, 28-04-2021
Trading Signal: AUDCAD
| Order | Sell |
| Direction | Bearish |
| Pattern | Support Line Breach |
| Interval | 1 hour |
| Length (Candles) | 19 |
Idea Summary
Short term AUDCAD forecast is bearish. The technical analysis of the AUDCAD chart in 1-hour timeframe reveals the price is trading with downward bias after breaching below the support line. There is a small likelihood the price may reverse and resume climbing toward the Fibonacci 23.6 resistance level.
Note:
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