TradingView
AnriErikanov
May 4, 2016 3:35 PM

AUDCAD Overextended !! buy Long

Australian Dollar/U.S. DollarFXCM

Description

Hi guys let's start off by showing you some technical analysis why you might consider to go long on AUDUSD
This pair seems to be bearish this week but clearly shows a wedge pattern wich indicates trend weakness
either going to retrace or reverse further bullish
It's the non-farm payrolls and unemployement that are going to dermine if a reversal would happen

there are important events and I am not going to trade or keep positions open and probably close my postitions around 0.75500 before the events

notice the RSI divergence
More