AUDCAD dropping nicely, remain bearish!
AUDCAD has dropped strongly and is now seeing strong bearish momentum continue to push it lower. A further drop could occur below 1st resistance at 0.9772 (Fibonacci retracement, horizontal overlap resistance, bearish Ichimoku cloud) to push prices down to major support at 0.9733 (Fibonacci retracement, horizontal pullback support).
RSI (55) has made multiple bearish exits signalling that a change in momentum from bullish to bearish is likely.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) has made multiple bearish exits signalling that a change in momentum from bullish to bearish is likely.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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