AUDCAD- SELL strategyThe market is slightly overdone, but I am afraid we should not buy even it is slightly oversold. Rather, we should sell into the minor correction that will come.
The stochastic is low, and could cause a move higher from here, but the conversion line has gone through the base line, and should be considered to be a strong indicator.
Strategy is SELL between 0.9070-0.9090 for a move below 0.8925. Stop loss above 0.9157.
