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AUDCAD Technical Confluences Favor Bears

AUDCAD Technical Confluences Favor Bears

Paul Robinson, Strategist

Talking Points:

  • Daily trend-line and horizontal resistance dating back to 2013
  • At the top of a 4-hr channel
  • These confluences make a strong case for the bears

AUDCAD Daily: Feb ’13 – Present

AUDCAD Technical Confluences Favor Bears

AUDCAD 4-hr: Nov '14 - Present

AUDCAD Technical Confluences Favor Bears

--- Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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