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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