AUDCAD Technical Confluences Favor Bears
22 Jan 2015 19:46, GMTTalking 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 4-hr: Nov '14 - Present
--- 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.