Aud/Cad has broken out of a weekly channel pattern to the downside
but seems now supported by a bearish trendline after a first retest of the lower border of said channel
On the weekly chart we can see this price action, the channel and the trendline
We also see that MACD is bearish, and RSI is low - there may be a reversal coming soon after these lows
Aud/Cad weekly chart
On the daily chart we see a contradiction in the MACD and RSI,
where RSI is low here, too, but MACD has become a bullish sig…
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