Tokiz

AUD/CAD Long Term Swing Trade - Long

FX:AUDCAD   Australian Dollar/Canadian Dollar
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Depending on how the price action plays out
I might buy at the pullback.
We have some nice confluence which
will support our long position at this area.

Technical reasons:
Triangle breakout
Going with the trend (Higher Highs, Higher Lows)
Ascending Channel

Fundamental reasons:
Australian Labor report beat expectations with
the unemployment rate printing at 5.9%
vs the expected 6.2%

Comments

nice, i agree with the labor report should keep the AUD supported well.
Reply
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