Technical Analysis – AUDCAD bulls may challenge long-term downtrend above 0.9150; 20-day SMA eyed for support

AUDCAD has been showing a clearer bearish tendency since the start of 2018 which could now come into question if the price manages to extend its latest rebound above the swing high of 0.9150. The 50% Fibonacci of the downleg with a peak at 1.0241 and a trough at 0.8063 is also placed around this point, adding extra importance […]