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AUDCAD Begins to Decline – Forecast for July 22, 2024

The AUDCAD price has yielded to the resistance at 0.9255, beginning to form strong negative waves and dropping below 0.9175, reaching additional losses at 0.9149.

With trading stability below the additional barrier at 0.9190 and continuous negative momentum from stochastic, we anticipate new bearish waves. These waves may press towards 0.9130, and breaking this level could open the way to new negative targets at 0.9105 and 0.9070.

The expected trading range for today is between 0.9180 resistance and 0.9105 support.

Trend Forecast: Bearish

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