The Currency pair is making LL and HL which indicates downtrend. Near the Resistance a shooting star was made which is a single candle reversal, which indicates buyers took the price higher and later the seller came into the action and led the price close at the low. The next day the pair close below the shooting star indicating a reversal. Third day the buyer came in action pull the price and led the price to a higher than previous day, but at the end seller came into action and pulled the price lower and close near the open.

The Pair closing below the third candle would be an opportunity to sell the Index with the SL % above resistance.

AUD/CAD

Feb 26 2022