AUDCAD Starting To Show BEARISH Pressure

14 янв. 2021 г.

An update from my previous analysis. Previously, we are eyeing on a BEARISH movement from AUDCAD at the resistance level @ 0.9785 price level. However, we failed to see a nice rejection from that level where price moved to the next resistance level @0.9875. After which, we saw it rejecting off from this resistance level twice. Today's candle is interesting as we see price retesting 461.8% fib level. I am expecting tomorrow's candle to be a BEARISH candle where we can then expect BEARISH retracement to occur for this pair. Keep an eye on it.

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