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szventures
Jul 1, 2014 1:38 AM

LONG AUDCAD Long

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD has dropped below but closed above daily reversal support (circled) the last 2 days. I like the idea of playing the range in order to take advantage of not just a possible AUDUSD thrust but also a USDCAD reversal. Above all, risk is well-defined.

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