LONGTERM AUDCAD ANALYSIS on WEEKLY Time Frame
Prices have formed more than one lower low and lower high
Prices are moving below the 14 period Moving Average line
There are 2 supply areas above the price movement
Prices are close to the supply area
From these data, it can be concluded that the AUDCAD currency pair is in a longterm downtrend, so it is likely that prices will go down from the supply area,
Options for sell entry can be done on a small TF such as H4 or H1 by waiting for confirmation of a downtrend on the small TF