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AUDCAD - Ending the Month for with a LONG or SHORT Will AUDCAD continue going up or will it reverse back down? AUDCAD has been rallying up the past days. Due to strong GOLD and weak US OIL. However, CANADA is set to announce their economic plans next week. Will this strengthen the CAD? If so, then we will be seeing a 300 to 500 pip move next week AUDCAD ended the week with a break of previous week's high, will it be supported by BUYERS? We will see next week. If you like my idea, please do click LIKE or COMMENT. And you may also follow me for more ideas. Thank you!
by JonJC
3
AUDCAD potential reversal! AUDCAD expected to rise up to 1st resistance at 0.90736 where it could potentially react off and drop down to 1st support at 0.89994. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone