audcad analysis ( short)
AUDCAD have been bearish since 16th June of the current month , the price kept on printing new lows over the two past weeks , breaking all the major support lines , and the price breaking under 0.8892 a strong daily support and with the fact that there isn't a any fundamental factor that would reverse the current bearish trend line , so I'm expecting to continue it's bearish move all the way down the the new low at 0.8835 , the price is currently showing a great bearish momentum so we might get to the target when we get more volume at london session open , we might see some correction before , even then the price will remain bearish as long as it keeps trading under 0.8973.
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I'll see you soon in the next post
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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.