MtxTrader

AUDCAD Possible Short at Support Trendline Break

Short
FX:AUDCAD   Dollar australien/Dollar canadien
Price is just hovering above the support trendline.

I am looking to short this pair, as soon as it breaks the support trendline.

I will be watching for the market gap to decide when to take the trade.

Remember that gaps are often filled.

However, with a strong AUD against the USD, this pair may break the horizontal resistance zones at 1.0072 and 1.0155
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