AUDCAD Potential Drop after Rejection from Resistance

2024年11月19日

AUDCAD is currently experiencing a pullback toward the resistance zone and the upward trendline area. On the 4-hour timeframe, the market has been forming lower lows and lower closes, indicating a bearish trend. After a significant decline, the price is now approaching the 50% retracement level of that move. This area may act as resistance, potentially leading to a continuation of the downward movement. The target is the support zone around 0.9070

2024年11月22日

交易結束：目標達成

AUDCAD Target reached!

Price dropped over 30 pips since the analysis was published