#AUDCAD: Bearish Outlook Explained ๐ฆ๐บ๐จ๐ฆ
๐AUDCAD 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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1H time frame
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https://t.me/TheMovingAverage_ByArty







