Technical Analysis – AUDCAD approaches lower levels of multi-month range

AUDCAD is pushing under the 0.8900 handle, after holding below the downtrend line and being capped by the 50- and 100-day simple moving averages (SMAs). The pair appears to be heading for a revisit of the more than 9-year low of 0.8834 – this being the lower boundary of a six-month trading range. The short-term […]