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themikewwfx
Aug 23, 2016 12:31 AM

Bounce Off Strong Support Long

AUSTRALIAN DOLLAR / CANADIAN DOLLARICE

Description

A perfect example of the power of support and resistance showing on AUDCAD today. The monthly support at 0.9800 forced price right back to the bulls and with a break of the 25 SMA as well it gave me a great spot to look for an entry and catch a piece of the move. Looking forward to this one.
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