I Short this thing with two bullets: (1) @ 94384 -and other- (2) @ 95108. REASON = Trend is still down. I think that this market should continue lower despite the fact that the situation seems a deadlock. CAD looks getting beaten by USD, due to the oil Factor. AUD showed some strength against USD last week, but still remains in a down trend( Down TL was broken last week) but I'm yet to see a realistic buying pressure(fewer bars and less convincing follow through) to make me go long further from here. CONCLUSION = AUDCAD IS RANGE BOUND.
Agreed, I posted my idea on trading the permanent range bound situation using ucs-snapback/bollinger/cci/rgmov/EMA 66 and 253...trade extremes and go for mean reversion, and/or trading the time at mode signal expiration/target hit.
Speaking of which, I'm currently enjoying some extra cold beer, 'castle lite', a South African delicacy. Go to http://www.castlelite.co.za/ to learn more about how this beer was made from our brewery to your hand ;)