AUDCAD is showing a few signs of a potential drop. First off I just wanted to point out that the massive drop we saw last week needed to blow off some steam! It was obvious we were going to see price increase again after such a move. It was only a matter of time. So if you take a look at our order book on the MACD we are seeing massive sell orders come in. Now the 1H chart will be crucial for finding that sweet spot to place the trade.
