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lukelehepuu
Sep 11, 2016 9:54 AM

AUDCAD BREAK OF SUPPORT Short

Australian Dollar/Canadian DollarFXCM

Description

Last week I posted an opportunity to either short or get long depending on how we reacted to the yellow trend line. We have now broken and closed below it on the daily chart. This to me is looking more bearish so I have decided to eliminate the long trade and get short. We could see some support down to .9785 so be careful.
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