AUD/CAD Set to Move Down

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

AUD/CAD has a good rejection from the dynamic zone.

We should see the AUD/CAD down as the market is really bearish. If the market makes a break below last week’s low we will see a stronger move down. Entry zone is 0.9190 and targets are  0.9062-72. This corresponds to M L5/ Q L3 camarilla pivots. There is also a three touch trend line which accounts up for bearish momentum and trend.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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