pete002
Short

AUDCAD Bullish Butterfly

FX_IDC:AUDCAD   AUSTRALIAN DOLLAR / CANADIAN DOLLAR
Trading the completion of the CD leg. Short.

Once target is reached we could trade to the upside (long) if & when bullish confirmation is observed.

Bearish bias for the Australian dollar             seems well entrenched for the present - low in iron ore price, sentiment inferring a dovish RBA cutting rates at the next meeting, AUD down across all the majors
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