AUD/CAD

Monthly
• Moving Averages crossed to downside but however they are converged and about to upside
• Price action showed a bullish structure
• Price action currently reacting to weekly level of 0.99888 and finding resistance in that area
Weekly
• Moving averages crossed to the upside indicating bullish momentum
• Price action struggling to break through the weekly resistance level
• Price left a long legged doji/spinning top on this time frame
Daily
• Moving averages remain crossed to the upside
• Price action formed a three double top candlestick pattern at the weekly resistance level of 0.99888
• Expecting inner bullish trend-line to be broken
• Price action made a lower high on current touch of the weekly resistance and subsequently broke inner trend-line
• Price reacted well to the 78.60 Fib level showing only spikes above it
4 Hour
• Moving averages about to cross to the downside before trend-line break indicating that further bearish momentum will follow
• Inner bullish trend-line broken
• P.A making an inside bar candlestick formation after break of trend-line which retested trend-line