AUDCAD Rejection on the 1D MA200. Sell.

10 בנוב׳ 2023

Our last signal on the AUDCAD pair (see chart below) was a dip buy within the width of the multi-month Channel Down:

The Channel Up is adjusted as on Tuesday, the pair got rejected on the 1D MA200 (orange trend-line) forming the new Lower High. As the same time, the 1D RSI got rejected on its 5-month Resistance Zone and today the sell signal is confirmed by the formation of the 1D MACD Bearish Cross. Sell and aim for a -4.14% (previous Lower High rejection decline) drop at 0.854500.

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