AUDCAD Sell opportunity with Death Cross emerging
The AUDCAD pair is on a Lower Highs rejected and ahead of a Death Cross formation on the 1D time-frame. Since 2022, we have seen two Falling Wedge patterns, which accelerated selling after the completion of a 1D Death Cross. The first target on both occasions was the 1.236 Fibonacci extension.
As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236 ext).
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As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236 ext).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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