AUD/CAD strongly bearish at H4 chart

AUD/CAD strongly bearish at H4 chart

There is a strong bearish path in the AUD/CAD pair, according to our projections in the H4 chart. Since one month ago, we’ve been seeing a lower consolidation below the 200 SMA and now the pair is finding support in the 0.9607 level. That’s why we’re forecasting a possible recovery on its way to reach the Fibonacci zone of 50% at 0.9759, at which could be offered in order to reach the -23.6% Fibo level at 0.9535.

RSI indicator remains slightly below the 50 level.

AUDCADmH4.png

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