Technical analysis for AUD/CAD

The Australian Dollar (AUD) has declined against the Canadian Dollar (CAD) in recent trading sessions and has reached crucial and pivotal levels. If there is a further decline and a break below the ascending trendline and support levels at 0.8885, with a close below that level, there will be a strong selling opportunity with targets around 0.8835 as the initial goal. However, if the price remains above this level, there will be a strong buying opportunity.