AUDCAD - 1D - Technical Analysis
The longer-term descending (bearish) channel has been broken, and the price is now approaching the previous resistance level at 0.87329, which may have now turned into support. We may expect a reversal in trend.
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
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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.