AUDCAD: ⬇️ Sell
– AUDCAD reversed from resistance zone
– Likely to fall to support level 0.8700
AUDCAD recently reversed down from the resistance zone between the resistance level 0.8860 (former support from August and January), 20-day moving average and the 61.8% Fibonacci correction of the downward impulse 1 from March.
The downward reversal from this resistance zone stopped the previous short-term correction 2 from the start of April.
-p src=/wp-content/themes/fxpro_news_2025/assets/images/etf/820x312_ETF_2_uk_75_eng.png>Given the clear daily downtrend and the bearish Australian dollar sentiment, AUDCAD can be expected to fall to the next support level 0.8700.
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