AUD/CAD short setup
Updated
AUD/CAD extends break below 200W SMA, eyes trendline at 0.9645, stay short
Risk event: RBA policy meet.
Technical Bias: Bearish
Support levels - 0.9710 (Jan 2018 low), 0.97, 0.9645 (Triangle base), 0.9626 (61.8% Fib)
Resistance levels - 0.9725 (5-DMA), 0.9763 (5W SMA), 0.98
Good to go short on rallies around 0.9725, SL: 0.9765, TP: 0.9645/ 0.96/ 0.9580.
Risk event: RBA policy meet.
Technical Bias: Bearish
Support levels - 0.9710 (Jan 2018 low), 0.97, 0.9645 (Triangle base), 0.9626 (61.8% Fib)
Resistance levels - 0.9725 (5-DMA), 0.9763 (5W SMA), 0.98
Good to go short on rallies around 0.9725, SL: 0.9765, TP: 0.9645/ 0.96/ 0.9580.
Comment
All targets hit
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