AUDCAD: WILL IT CONTINUE ITS DOWNWARD CHANNEL?

Since September a downward channel has formed on the AUDCAD 4H chart.

For several times already the RSI is working in conjunction with the trendlines.

Possible exit of the short position would be the 0.92 – 0.915 area. For a low risk, high reward trade put your stop-loss around 0.943. A much less risky trade would be to put your stop-loss around 0.958.

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