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AUDCAD reversed from resistance area; Likely to fall to support level 0.91500

AUDCAD currency pair today reversed down with the daily Japanese candlesticks reversal pattern Dark Cloud Cover Engulfing from the resistance zone lying between the key resistance level 0.92250 (which has been reversing the price from the start of August) and the 50% Fibonacci correction of the downward impulse from the start of August. Given the proximity of the aforementioned resistance zone and the prevailing daily downtrend, AUDCAD currency pair can be expected to fall further toward the next support level 0.91500.

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