AUD CAD short now closed.

AUD CAD short now closed.

Following Sunday’s analysis of AUD CAD we have seen a rapid 200 pip descent over the last 2 days ¬†straight into an area of support and therefore I’m happy to close short positions.

Todays chart shows previous instances of this level offering support and although there are signs that a longer term top is now in place, I’m happy to sit back and wait for the next high probability set up.

 

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