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magbrr
May 6, 2017 8:43 AM

AUDCAD (Slightly bearish) Short

AUSTRALIAN DOLLAR / CANADIAN DOLLARICE

Description

AUDCAD has what looks like a bearish bias. However, further movement is structured to be choppy and we await break of 1.00745/1.00576 support confluence zone to confirm short positions till 0.99188/0.98880 confluence target. Further penetration of later support zone and black upward sloping trend-line support @ 0.98074 will open up targets to 0.96482 support zone .
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