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theforexportal

AUDCAD is caught in a flag formation - SHORT trade favoured

Short
Dollar australien/Dollar canadien (FX:AUDCAD)  
theforexportal  
FX:AUDCAD   Dollar australien/Dollar canadien
Trend Analysis Chart Patterns Technical Indicators AUDCAD audcadshort audcadsetup audcadanalysis audcadforecast audcadsignal audcadidea
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trendanalysis chartpattern indicator audcad audcadshort audcadsetup audcadanalysis audcadforecast audcadsignal audcadidea
AUDCAD is caught in a flag formation and will probably zig-zag sideways for a while before it breaks free. There's considerable resistance above so I'm only looking for a SHORT trade where a move down to .890 200 sma on D1 and WS1 support looks likely. One to watch.
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