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Rocketman

AUDCAD Oversold Pair with 5:1 RR

Long
Australian Dollar/Canadian Dollar (FX_IDC:AUDCAD)  
Rocketman  
FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Beyond Technical Analysis AUDCAD audcadlong aud australia oversold
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trendanalysis beyondta audcad audcadlong aud australia oversold
5:1 Reward:Risk ratio. It is AUDCAD on a daily chart. If this oversold pair does not rise at this level, then the level below is a good level.
AUD is the most oversold than the rest of the G10 FX with an economical growth pattern that has not showed up on the charts yet. What's more, AUD has a lot of padding compared to CAD in its real estate market from its prepayments to help absorb higher rates.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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