AUDCAD: Bearish Outlook Explained 🇦🇺🇨🇦

AUDCAD is trading in a bearish trend.
After the price set a new local lower low,
the price retraced to a solid horizontal resistance.

After its test, the market violated a support line of a rising channel.
We see a strong bearish reaction after its retest.

The price will most likely keep falling at least to 0.8827

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