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Boernerer
Aug 20, 2016 2:04 PM

Retracement trade on AUD/CAD Short

Australian Dollar/Canadian DollarFXCM

Description

The AUDUSD is currently doing its retracement move after a failed new high.
Will be interesting to see if we can hold the retracement and try another move to the high or are we seeing a new low major low?
As we are currently in a range, a move to the low seems more probable.
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