AUDCAD fall in two steps
In the process of rising in an upward trend, the price came to the resistance of 0.986.
A strong line created in 2006 (!).
This resistance has repeatedly reversed price direction.
The price touched a strong resistance at 0.986.
Then she fell and returned to the line again.
The price consolidated on the line around 0.987 and started a new fall.
I expect the price to fall in two steps/
1 - break the closest support at 0.972.
Will be fixed on it.
2 - will drop to the support level.
The target is 0.959.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
A strong line created in 2006 (!).
This resistance has repeatedly reversed price direction.
The price touched a strong resistance at 0.986.
Then she fell and returned to the line again.
The price consolidated on the line around 0.987 and started a new fall.
I expect the price to fall in two steps/
1 - break the closest support at 0.972.
Will be fixed on it.
2 - will drop to the support level.
The target is 0.959.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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