On the daily chart of pair AUD/CAD there was a very dynamic breakout of growth trend line. Price also fell below the strong support that were marked by the previous three peaks. Currently declines achieved range of so far the largest correction in the trend. It is therefore possible that there will be a rebound. It seems, however, that in the longer term we can await further declines
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Looking at the weekly chart is hardly surprising bearish forecast. For more than three years the price moves in the broad side area. Long-term growth reached and breached the resistance area 1.0350. Weekly pin bar foreshow drops, which are now a fact. From this perspective it can be assumed that the decline will continue.
