The AUDCAD pair returned to the negative track by declining below 0.8985 level that formed extension to the bearish channel’s resistance, to force it to suffer some losses by reaching 0.8880, noting that stochastic reach to the oversold areas will assist to provide the required additional negative momentum to resume the decline, waiting to record 0.8845 followed by 0.8805 levels soon.
The expected trading range for today is between 0.8930 and 0.8845
The expected trend for today: Bearish