Hey guys, this is the 4hr chart on AUDCAD and, as you can see, price has managed to break and close below a key support level (on the daily) @0,9950. Since this happened, we can now expect to see support turning into resistance, following the trend established in the downward direction. This zone also helps us creating a comfortable area where we can have good stops and good potential reward, with a nice RR ratio. The yellow box signals the are where i'm going to consider a short opportunity.
If you want to ask questions or comment, feel free to write below. Otherwise, see you in the next chart!