Technical Analysis – AUDCAD capped by 0.9050 and 23.6% Fibo in a sideways move

AUDCAD plummeted aggressively from 0.9250 after a two-week period of producing red candles. Following the fall from the previous swing high of July 23 into a one-month trading range, the upside pressure hit a ceiling at the 0.9050 level. Positive momentum has picked up in the short-term. The MACD has distanced itself above its trigger […]