AUDCAD – Waiting for the range breakout
I like the way the AUDCAD has been trading in the last few months, smoothly from one LT level to the other, making it easy to trade. Right now I see it trading pretty close to the LT support level and this is how it looks on the short term charts:
I’m currently waiting for the AUDCAD to break the short term range (green levels), then I’ll start looking for trade opportunities on the direction of the breakout.
Tags: AUDCAD analysis, forex
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