AUD/CAD appears to be well guided within a downward-sloping channel from June, with initial support on the lower edge, now at about 0.8675. The lower-lows-lower-highs pattern since the start of 2023 raises the scope of a retest of the end-2023 low of 0.8600.
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.