Given all the recent charts/info from various sources(market makers), I can't help but wonder what's really going on. With all the embellishment on not just our economic status, but around the world, I can only see one thing coming, a world economic down fall(I'm not a "doomsday prepr"). You can only patch things up for so long, before it's actual integrity will fail!
Anyway, back to the AUDCAD! I don't see a huge reversal, as the some are predicting. We haven't seen the 2012-2013 highs, since back in 2/2004, & even then, it took a down turn, & didn't rebound until 7/2010.
I am short to around 0.92508, then long to around 0.9800, then short again to around 0.8800(majors of support/resistance). Happy trading!
***This is only an opinion, use at your own risk! I am not liable for any losses you may incur.
*Information based on data provided by the AUDCAD day/week/month charts
Anyway, back to the AUDCAD! I don't see a huge reversal, as the some are predicting. We haven't seen the 2012-2013 highs, since back in 2/2004, & even then, it took a down turn, & didn't rebound until 7/2010.
I am short to around 0.92508, then long to around 0.9800, then short again to around 0.8800(majors of support/resistance). Happy trading!
***This is only an opinion, use at your own risk! I am not liable for any losses you may incur.
*Information based on data provided by the AUDCAD day/week/month charts