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ForecastCity
Dec 7, 2020 2:19 PM

💡Don't miss the great sell opportunity in AUDCAD  Short

FX:AUDCAD60
Australian Dollar/Canadian DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.95040).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDCAD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.

Take Profits:
TP1= @ 0.9456
TP2= @ 0.9457
TP3= @ 0.9435
TP4= @ 0.9396
TP5= @ 0.9355

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsaudCADAUDCAD
Comments
Kamryn
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It's the right choice.👍
ForecastCity
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@Kamryn, Thanks. We hope you get the most out of it.
Kristalyn
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I enjoy you excellent analysis. Keep it up ❤️
ForecastCity
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@Kristalyn, Sure, we always do.
Pro_Trader_007
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Very nice. Thanks.
ForecastCity
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@Pro_Trader_007, You're welcome.
Josef_anderson
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Support and resistance lines are excellent. 👌
ForecastCity
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@Josef_anderson, Thanks
ForecastCity
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@Josef_anderson, We're glad you like it.
dhkc88
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The price have reverse?
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