Sell Opportunities on AUDCAD

It looks like most of the Aussie pairs took a bearish dive last night. As for AudCad, this is good news considering this aids our overall bearish bias that I called in the beginning of the week. If we look on the daily timeframe, price is beginning to break the significant long-term support level. This could be identifying strong bearish movement for the future.

With this being said, I'll be awaiting price to make a strong decisive push towards the downside to prove that the bears are in control before looking for a retest and capitalizing on this bearish movement.