PaulWallace
Long

AUDCAD wedge play with possible breakout

FX:AUDCAD   Australian Dollar/Canadian Dollar
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I'm long AUDCAD from 0.952 looking for another test of the top side of this wedge at 96 as my first target. So far this trade is doing well, however the Canadian CPI figure is due out in about an hour which could send it in the other direction. My stop has been moved to breakeven to avoid taking a loss if it does reverse.
I closed this out at 0.9575, after it came within a few pips of my target. Profit was around 55 pips.. Will look to play this pair again after the Canadian core retail sales tonight and Aussie CPI figure tomorrow.
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