Selling pressure is seen in this pair we are expecting the trend to continue in AUD/CAD, The currency has been from 0.923 and we are expecting to trade near 0.92 but we are expecting a small retracement in the currency pair, once the retracement takes place it can be good short, avoid selling if the retracement closes above moving average.

The RSI is following the trend and we expect it to continue

We have seen a crossover in the ADX which is pretty strong and supporting the trend

MACD has also given clear signs of bearishness

All the signs support the trend so it can be a good short

AUD/CAD

Nov 09 2021