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PriceActionTrading
Dec 10, 2015 2:01 AM

AUDCAD NEAR 1.0000 

Australian Dollar/Canadian DollarFXCM

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HI TRADERS,

SINCE MY CONNECTIVITY TO TV IS GETTING BETTER,
HERES ANOTHER PAIR ON MY WATCHLIST.

AUDCAD IS GETTING NEAR 1.000.

CAD HAS BEEN UNBELIEVABLY WEAK RECENTLY, PUSHING USDCAD TO ALL TIME HIGH ALTHOUGH USD ITSELF IS PRETTY WEAK.

AUD IS WEAK TOO AS CAN BE SEEN FROM AUDUSD AUDJPY, BUT STILL RELATIVELY STRONGER THAN CAD.

IM HOPING THIS RELATIONSHIP WILL PUSH AUDCAD NEAR 1.000 AND GENERATE A RESPONSE EQUIVALENT TO THE PREVIOUS INSTANCE WHEN PRICE MEET 1.0000.
HOPEFULLY AUDCAD @ 1.0000 WILL REVERSE THE RELATIVITY OF THESE PAIRS.

ALL DO PLEASE LOOK OUT FOR PRICE @ 1.0000

IF PRICE CLOSE ABOVE 1.0000.
WAIT FOR 2ND DAY CONFIRMATION AND POSITION FOR LONG.
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