As you can see, AUDCAD has reached the resistance point. On the first trading day, it can cross the orange dotted line and take a downward direction again. My guess is that he will not be able to break through that point as it did before and will go down to the blue line. The blue line is the 0.786 point from the trend-based fibonacci extension levels.
Note
It is not investment advice!!!!!!!!!!!!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.