AUDCAD analysis 20.01.2020

The overall trend is downward. The currency pair is trading in the range of the round important level 0.9000. A bearish divergence has formed on Awesome Oscillator indicator. Breaking through the round secondary level 0.8980 will result in the formation of a descending pattern of the H2 level within the wave (C) of the descending pattern of the H4 level.

Trading recommendations:

Sell below 0.8971.

A stop loss of 0.9038.

Target levels: 0.8920; 0.8850.