This pair is in a down trend.

audcad-d
Last week we got two bullish pin bars on daily chart. Today price is retracing a bit on them. Bears could look for sell entry at marked horizontal resistance and 61.8 % Fibonacci retrace, option (1). Bulls should wait for resistance to break and then retest of it from above, option (2). Now it looks that middle Bollinger band and 5 EMA are playing as a dynamic resistance.
There is no major red news in future 24 hours.

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