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dnsmith

AUDCAD - Potential move down to retest the .938 zone

Dolar Australia/Dolar Kanada (FX:AUDCAD)  
dnsmith  
FX:AUDCAD   Dolar Australia/Dolar Kanada
Trend Analysis Chart Patterns Technical Indicators AUDCAD retest emacrossover
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trendanalysis chartpattern indicator audcad retest emacrossover
My last AUDCAD was looking for a short move from the HS pattern to the .938 Zone and the volatility this week hit the TP.
We can see price has moved back up to the .952 zone but has reversed off the 20 EMA. We can see the 20 EMA and also Crossed the 200 EMA line.

Given the above, we could see a retest of the .938 zone before a potential reversal to the upside. Given the volatility this week and the AUDUSD and AUD JPY price action, trade with caution.
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