olly48

AUD/CAD Long On Breakout

Long
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Been monitoring this for a few days as it has been close to resistance. It has now risen to this resistance perfectly and if it breaks above we can enter longs. It may hold up just beneath this at first but you should keep an eye on this for a breakthrough.

There is not a very clear resistance level for a TP but we can use the price of 1.00000 as this may be a psychological level.