AUDCAD is awaiting breakdown!
AUDCAD (D) long-term bearish market, currently the price has formed a head & shoulder which has broken to the downside with long rejection from the top with a Doji. It is a high probability that the price will continue to drop as the bulls are completely exhausted by creating a series of lower highs. Upon retest of the neckline of the head & shoulder on the lower timeframe, we could see a drop on AUDCAD to the support level.
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