AUDCAD Intraday trade idea WC 13/01/2025
AUDCAD continues to show bearish momentum on the daily timeframe, but the current level can be interpreted differently depending on how the trendline is drawn.
If the trendline has already been broken, the pair appears to be continuing downward after retesting the 0.88041 level during the Asian session. Alternatively, if the pair is still respecting the trendline, we may currently be at the bottom of the trendline, waiting for a pullback to create a lower high near the 0.89667 level before resuming the bearish trend.
Traders should closely monitor price action to confirm whether the trendline break is valid or if the pullback scenario will materialize.
If the trendline has already been broken, the pair appears to be continuing downward after retesting the 0.88041 level during the Asian session. Alternatively, if the pair is still respecting the trendline, we may currently be at the bottom of the trendline, waiting for a pullback to create a lower high near the 0.89667 level before resuming the bearish trend.
Traders should closely monitor price action to confirm whether the trendline break is valid or if the pullback scenario will materialize.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.