AUD / CAD: 1 hour chart
Price on levels of diagonal resistance
Price action: pin bar on resistance and 200MA - a negative signal
50 / 200MA: 50 under 200, a price below 200MA - the movement remains short
DeM: an area of over bought market - possibly turning the price downwards.
Alternative scenario: If the price crosses above the 200 MA is possible to break the negative formation and see new upward momentum.
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