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Pika7993

Technical Analysis Sell Off

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
Pika7993  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns AUDCAD Relative Strength Index (RSI) support Support and Resistance selloff
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trendanalysis indicator chartpattern audcad relativestrengthindex support supportandresistance selloff
Presented is a 4 hr chart technical sell off.

The pair has been busting through Key Supports. RSI and MACD indicators are slow moving and intend to breach well into the oversold zone.

Set two take profit targets at the next key supports at .94500 and .93000 with a breach and close out below .94500. Expect pullback corrections at these targets.

Please comment with thoughts and ideas. Thank you.
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