AUDCAD Can Test an Old Support Zone Again

AUDCAD Can Test an Old Support Zone Again

AUDCAD is struggling to find a clear direction.

After it was pointing up for a possible change in trend AUDCAD changed all the picture again
by showing for a possible bearish correction.

The price completed and Head & Shoulders pattern indicating that it can move down more.

As long as the price doesn't manage to rise above 0.8850 it is likely we can see the price moving down to the old support zones.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️