The pair has hit Monthly resistance and what seems to be busy forming a shooting star. The weekly chart closed bearish with a shooting star on Friday as well. This is a volatile pair to trade and obviously with CAD in the pair, you will need to focus on OIL news with a Vodka in hand. More conservative entry will be at a H4/Daily break and close of candle below 1.10575. My TP target will be set at support @ 0.9947.

AUDCAD showing downside

Source: Maryna

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