Trade of the Day: AUDCAD
04 July 2022
The trend at the moment is downtrend market. We are focusing on looking for short positions on general.
We will be looking for the resistance zone near when the price pulls up to it. Since the trend still a steady downtrend, we will focus on the short position near the resistance zone.
If the price break below the support zone, we can try find a position for short when the price back to retest the support become resistance zone.