AUDCAD has been trading in ascending parallel channel. Currently, It's trading at premium fib levels of 61-78% of 1H recent range. Considering the fact that bank of canada has cut rate seeing inflation coming to expected target, we can look for buying setupsTrade active
Trade closed: stop reached
SL hit due to CAD CPI wick
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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.