This pair is falling. Australian dollar has weakened against the Canadian dollar creating a new lower low at 0.93397.
I'll look to continue to be the seller if price retraces to and stays below 0.94710. If she can stay below this exchange rate I'll
sell her down to 0.93397 for a trend continuation trade to the downside and further.
I'm not interested in being the buyer unless price rises above 0.95599, the lower higher and creates a higher high.
If this happens, the sell setup is no longer valid.
AUDCAD
I'll look to continue to be the seller if price retraces to and stays below 0.94710. If she can stay below this exchange rate I'll
sell her down to 0.93397 for a trend continuation trade to the downside and further.
I'm not interested in being the buyer unless price rises above 0.95599, the lower higher and creates a higher high.
If this happens, the sell setup is no longer valid.
AUDCAD