AUDCAD broke the rising trend earlier, now creating lower highs and lows. On the 1 hour timeframe, a possibility of a double top can be clearly seen which gives a good signal for bearish traders if this level holds. On the daily timeframe, AUDCAD created a little crooked double bottom pattern and now is in a pullback phase. I expect AUDCAD to test around 0.94 level before possibly continuing the bigger trend of growth.
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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.