AUDCAD Nice Long Setup Forming
Updated
AUDCAD has accepted the monthly trendline as support the other week, Price has been messing around for a few days but looks to be acting as a flag indicating more upside movement. RSI is converging indicating a breakout is likely to occur. MARSI shows that the Moving Average is now trading above the RSI.
However fundamentals show the Aussie Dollar is running into a large resistance, so its up to a very weak Canadian Dollar to pull this trade through.
However fundamentals show the Aussie Dollar is running into a large resistance, so its up to a very weak Canadian Dollar to pull this trade through.
Trade closed: target reached
TP3 Reached
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