AUDCAD: Good chance to long

We can take this long here, risking a drop under 0.97612. Target is not set in stone, but watch how it evolves. We're testing a critical support level, but also facing considerable resistance, so we might have to be patient. I still think the trend will continue to be up, so, not a huge concern to hold this.

Good luck!

Ivan Labrie.

PS: I had a moderator comment on my publication format, for now, I'm keeping it brief, but message me if interested in my services. I will post trades on and off, but there are quite a few I reserve for my private clients.

Kommentera:

With the prospect of falling prices in CAD (and AUD) vs the dollar, this uptrend could continue to progress.

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(the good thing is this pair gives you uncorrelated returns -alpha!-)

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Looks like AUDCAD can rally again.