After a successful short entry on AUDCAD last week we are now looking for a long entry off previous week low and key fib levels. We must wait for a few confirmations before trade validates for entry. Firstly, the candles must show clear rejection off level of interest. Secondly, we must only make entry once AUD rates decision is confirmed later today, only if we see further basis points added to rates this will indicate further upward momentum.
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