keifer

AUD/CAD Look for the short.

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Hello friends,

AUD hedge funds have more shorts in play vs CAD, this is showing on the chart as a failure for a breakthrough of the resistance line drawn on this chart. There is a possibility of a retest of the resistance line but I doubt this will happen because we are beginning to see a weakness in the size of the candles on the 4-hour chart.

Cheers!

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