AUDCAD has formed a nice channel over the past month or so. I'm looking for a trend break to signal a bearish channel continuation.
I think there is potential for the pair to go lower than my TP down to where there was a previous weekly mode but I'm going to stick with the bottom of the channel as my target to stay on the conservative side.
I think there is potential for the pair to go lower than my TP down to where there was a previous weekly mode but I'm going to stick with the bottom of the channel as my target to stay on the conservative side.
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Disclaimer
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.