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AUD/CAD: Short-term Bearish Trend Remains Intact

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AUD/CAD: Short-term Bearish Trend Remains Intact

In our previous analysis, AUD/CAD showed a transformation and tested the resistance zone near the top again. Today, the price has confirmed another larger pattern, indicating a further price decline.

From a fundamental perspective, AUD/CAD was also supported by the fact that President Trump extended the Canada and Mexico tariff deadline to April 2. Tariffs were initially supposed to be applied on March 4. This extension provided short-term strength to the CAD.

You may find more details in the chart!
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Previous analysis:
AUDCAD Set for Bearish Correction After Struggling to Rise
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İşlem kapandı: hedefe ulaştı
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Feragatname

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