AUD/CAD looks like a sell on the daily

Updated
The AUDCAD pair reached a resistance zone on the daily timeframe which aligns with the 38.2% Fib level.

The pair is trading in a falling channel, and the daily candlestick looks like an indecisive spinning top.

With recovering oil prices, the pair might see lower prices by the end of the week.

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Trade closed: target reached
audAUDCADBeyond Technical AnalysisCADChart PatternsForexforexsignalssellsetuptradingtradingsignalsTrend Analysis

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