AUDCAD Short Opportunity

Theo Metow1sw
Overall Trend:

The price is in a downtrend, indicated by the sequence of lower highs and lower lows.

Moving Averages:

The 50-period Simple Moving Average (SMA) (red line) is above the current price, suggesting bearish momentum.
The 200-period SMA (blue line) is also above the current price, reinforcing the bearish trend.

Bearish Wedge:

The price broke down from a rising wedge pattern, indicating a potential continuation of the downtrend.
AUDCADaudcadanalysisaudcadshortChart PatternsTechnical IndicatorsTrend Analysis
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