SimpleFX AUDCAD Chart Analysis: September 26, 2019

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Over the previous few trading days, we saw a gradual decline in the price to the lower bound of the yellow channel. Now the market is close to the support level of 0.894.  The further succession of events depends on whether this level will be broken or not.  If we see a rebound from the support of 0.894, then we are expected to rise to the resistance line and the level of 0.900. If the lower yellow bound is broken, we will see a decrease to the level of 0.883, located on the lower bound of the green channel. The approximate scheme of possible movement options is indicated on the chart
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