fxtrends
Long

Dragon-fly doji hints of basing

FX:AUDCAD   Australian Dollar/Canadian Dollar
36 0 0
Monday's dragon-fly doji at severely oversold levels suggests a basing phase could be underway. A confluence of two major Fib's also hint of possible accumulation. A clean break of .9740, however, would embolden bearish momentum, triggering an extension below .9700.

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