05.08.2021
AUDCAD
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A Bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.9244 will result in the formation of a descending wave pattern within the overall downtrend.
AUDCAD rate online: monitor the price movement in real time.
Trading idea:
Sell on a breakout of 0.9244.
Stop Loss: 0.9311.
Target level: 0.9151
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