capitalpropertiesfx

AUDCAD - consolidation inside a small channel

FX:AUDCAD   Australian Dollar/Canadian Dollar
19 0 1
This small channel is holding very well so far and as long as we stay there, the direction is rather mixed. A clear break to the upside would be strong close and consolidation outside the main Pitchfork channel. Downside trigger is bit more complicated as the 38.2% line is very close to the channel itself, so more clues are needed on lower timeframes.

All in all, I'd say this one is worth tracking.
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