AUDCAD: Classic Bearish Reversal Explained🇦🇺🇨🇦

2023年6月19日

AUDCAD reached a solid horizontal resistance last week.
The market was steadily growing within a rising wedge pattern.
After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge.

Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement.

Goals: 0.901 / 0.895

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