AUDCAD: Bearish Setup Explained 🇦🇺🇨🇦

Short

Dollar australien/Dollar canadien (OANDA:AUDCAD)

OANDA:AUDCAD Dollar australien/Dollar canadien

Triangle Trend Lines Parallel Channel AUDCAD australiandollar CAD aud swing swingtrading swingtrade swingtrader

triangle trendline parallelchannel audcad australiandollar cad aud swing swingtrading swingtrade swingtrader

snapshot

AUDCAD is trading in a wide horizontal trading range on a daily.
Approaching its upper boundary, the price formed a descending triangle formation.
Its neckline was broken last week.

I explain a bearish movement to 0.896 level.

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