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nick2497

AUDCAD Shorts

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Dollar Australia/Dollar Kanada (FX:AUDCAD)  
nick2497  
FX:AUDCAD   Dollar Australia/Dollar Kanada
Trend Analysis Technical Indicators Chart Patterns shorts AUDCAD Forex SELL minors downtrend Bearish Patterns
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trendanalysis indicator chartpattern shorts audcad forex sell minors downtrend bearish
Lower high retest of resistance and rejection... Simple, Standard stuff.
Yes, I know, I have AUDUSD longs placed - with good reason. AUDUSD is a clear uptrend structure on daily whereas AUDCAD is a downtrend structure on H4.
We can infer that CAD is very strong and USD is bearish.
If we also examine USDCAD we can see there is a lot of bearish momentum on the daily.

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