AUDCAD SELL BASED ON OPEC DECISION, OIL PRICE AND CORONA FEAR

FUNDAMENTALLY :

AUD IS GETTING HAMMERED BECAUSE OF CORONA FEAR. THOUGH EVERYONE IS PRAYING FOR CORONA PENDAMIC TO END, REALITY IS DIFFERENT. WE CAN SEE ANOTHER SELL OFF OF RISKY ASSETS LIKE AUD, NZD, AND CAD. ID THAT HAPPENS, AUDCAD MAY FALL LIKE DRY LEAVES.

TECHNICALLY :

ANY BEARISH CANDLE CANDLE FROM 0.8680 LEVEL WOULD INDICATE THE DOUBLE TOP RESISTANCE IS IN PLAY IN BETWEEN A UPTREND CHANNEL. THAY MAY LEAD THE AUD CAD TO BREAL THE CHANNEL AND FALL TO 0.8136 LEVEL.




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