The AUDCAD pair surpasses the target – Analysis – 25-5-2023

The AUDCAD pair confirmed its surrender to the domination of the bearish bias by fluctuating below the bearish channel’s resistance recently at 0.8995, to notice forming strong negative attack and surpass the first negative target at 0.8900.

Now, the continuous negative momentum coming by the major indicators will increase the chances of confirming breaking 0.8900 level, to ease the mission of reaching the additional negative stations that might start at 0.8830 and 0.8785.

The expected trading range for today is between 0.8910 and 0.8830

The expected trend for today: Bearish