AUDCAD is breaking below the lower band today and a close below 1.01 would move the line down, setting up a potential short opportunity. The upper band line is around 1.031 which could be an initial stop for position sizing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.