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Australian Dollar/Canadian Dollar
Short

AUDCAD - Bearish Technical Evidence 4 (more to come)

By SPATrading
Monthly time-frame the “KING” of the trend. The monthly time-frame determines our direction and with existing FACTS printed on the chart it is in an undisputed DOWNTREND. Thus, we will sell this thing (at the right time) until a potential trend change occurs. However the monthly DIRECT trend is bullish and as a result any short attempt is highly risk (for now).
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