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dnsmith
Jan 27, 2019 6:01 AM

AUDCAD at a major decision point - no trade just yet 

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD is a no trade just yet.

Whilst we are currently in a down trend (follow the trend for trend traders) - this week will prove interesting.

Being at the intersection of both 4 hour support and resistance zone, the price action will provide an indication of direction, depending on which way price breaks.
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