๐กThe chart shows a technical analysis of the AUD/CAD currency pair On the daily time frame D1. The price appears to be moving within a descending price channel The price reached the upper border of the descending channel and started to decline, which may indicate a continuation of the downtrend unless the channel breaks higher. The MACD indicator is showing the negative momentum weakening and turning positive, which supported the recent rise. However, there may be weak purchasing power currently.
โ๏ธIt is not investment advice for educational purposes only.
โ๏ธIt is not investment advice for educational purposes only.
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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.