AUD/CAD Short from Pullback 200 SMA and resistance SHORT

16 thg 8, 2022

The AUD/CAD After a Bullish impulse of the last sessions, yesterday had a reject on the level of price 0.9100 used in the past like resistance and support in confluence with the 200 moving average worked like dynamic resistance and today we can see a Bearish candle confirm that level of the price as Top to not go over. We can also see a Divergence on the Stochastic indicator meanwhile is in Overbought and the RSI also turned Bearish. All these clues give a sign for a Short scenario.