AUDCAD analysis

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