AUDCAD Potential Downsides

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Australiensisk dollar/Kanadensisk dollar (FX:AUDCAD)

FX:AUDCAD Australiensisk dollar/Kanadensisk dollar

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Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.89400 zone, AUDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.89400 support and resistance zone, i would also keep an eye on the stock market to confirm the bias as AUDCAD does correlate positively with indices.
Trade safe, Joe.

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