AUDCAD - Massive Movement Expected

٢٤ أبريل ٢٠٢٠

Buyers of AUD are facing a massive confluence of static and dynamic resistance levels resulting to pause of price and consolidation with daily closing prices below the relevant levels. For the last trading days buyers failed to push price higher and this is an indication of weakness. On the other hand sellers are still inactive since we have no evidence of them on the chart. The next days are crucial where I anticipate a massive explosive movement.