FX:AUDCAD   Australian Dollar/Canadian Dollar

AUD has been performing well against most currencies for a while and the AUDCAD has tested the 20MA twice, and now today, the 20MA has (or is about to) close above it, showing that suggesting buyers are stepping in and seeing the 20MA (0.9299) as an area of value. For those who like to trade chart patterns, it looks like there is a bull flag as well. Long setup would be to enter on the daily close of the current candle and trail the stop. Fingers crossed.


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