AUDCAD Chart Technical Outlook rally toward 0.8810 could be sold
AUD/CAD broad bias is bearish. Prices have broken the falling trend line, printing a corrective three-wave structure. The measured move for the AB=CD pattern of the corrective structure is 0.8810, overlapping a previous resistance. I expect that barrier to hold and prices to resume lower. A break above 0.8790 opens the door for the mentioned level. Supports are located at 0.8750 and 0.8730.
