We can see a beautiful downtrend on AUD/CAD on the daily timeframe.
The price has just approached the trendline and is in our marked area of support/resistance.
A long term good sell opportunity can be seen if price respects and rejects from the trendline as well as the marked area.
A good target would be the 0.90600 area.
Another chart with the area zoomed in will be posted for reference.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
The price has just approached the trendline and is in our marked area of support/resistance.
A long term good sell opportunity can be seen if price respects and rejects from the trendline as well as the marked area.
A good target would be the 0.90600 area.
Another chart with the area zoomed in will be posted for reference.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
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