Hi traders, here's a daily chart of AUD/CAD. As expected, the pair retraced at the 61.8% Fib level after forming a very strong pinbar candlestick.
The chart also shows a break below a shorter-term support level, signaling further weakness ahead.
Note that the AUD and NZD are overall poor performers today across the board as risk aversion hit the market this morning.
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The chart also shows a break below a shorter-term support level, signaling further weakness ahead.
Note that the AUD and NZD are overall poor performers today across the board as risk aversion hit the market this morning.
Find this analysis useful? Please hit the "LIKE" button. Thanks!
