ForecastCity_EU

Don't miss the great buy opportunity in AUDCAD

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8987). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.

Take Profits:
TP1= @ 0.9026
TP2= @ 0.9051
TP3= @ 0.9143

SL= Break below S2
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Comments

Nice and simple
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