DeGRAM | AUDCAD confluence level and fibo cluster

AUDCAD created confluence zone and fibo cluster level.

The market has reacted multiple times to this level before. Price action is making lower lows and lower closes. 

It broke and closed below 0.87000, which perfectly lines up with the 50% fibo retracement level.

We expect a bearish move since the major trend is bearish.


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