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FX.co ★ Daily Video Analysis 18/8/2020: AUDCAD Bearish Setup

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Forex Analysis

2020-08-18T10:32:56
iconRelevance until2020-08-19

Daily Video Analysis 18/8/2020: AUDCAD Bearish Setup

We're seeing AUDCAD face bearish resistance from our long term descending resistance line. It is also at an area where there's multiple fibonacci retracements and extensions adding bearish pressure to it. We could potentially see a big drop from here. Keep an eye on this setup!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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