AUDCAD - Education - Thoughts on Monday 9th

Recently buyers have troubles pushing the market up(the area is within blue rectangle). In the last movement up we can see a channel and fading of the moventum (which is shown as a lower high on MACD) in comparason with the previous run. In our technical analysis we have two scenarios. However, at the moment we stay neutral as the channel hasn't been broken yet, but the mommentum is weak.

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Scenario number 2 works well now.