• AUDCAD reversed from resistance area
• Likely to fall to support level 0.9071
AUDCAD currency pair recently reversed down sharply from the resistance area located between the pivotal resistance level 0.9325 (top of the previous correction (A)) and the upper daily Bollinger Band.
The downward reversal from the resistance level 0.9325 created the daily Japanese candlesticks reversal pattern Shooting Star.
Given the clear bearish divergence on the daily Stochastic indicator, AUDCAD can be expected to fall further toward the next support level 0.9071 (low of the previous corrections A and (b)).
The U.S. dollar takes a major hit as trade tariffs spark capital flight, while global…
Gold experienced a significant increase followed by a sharp decline. It may be a good…
US indices fell after tough tariffs were announced by Trump, triggering a negative reaction in…
The US dollar is experiencing a decline due to trade tariffs and capital flight. The…
EURGBP: ⬆️ Buy - EURGBP broke resistance area - Likely to rise to resistance level…
AUDJPY: ⬇️ Sell - AUDJPY broke support level 90.00 - Likely to fall to support…
This website uses cookies
![](data:image/svg+xml;charset=utf-8,<svg height="478px" width="1024px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
