theforexportal

AUDCAD pushed through significant Fibonacci level

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD has pushed through the .784 Fib level and is approaching previous high at 1.0397.
TDI studies suggest this is attainable but BEARISH pressure is building.
Difficult to recommend taking LONG trades from these levels so BUY on a pullback.

Trade idea.
Wait for a pull back to lower ground at 1.0240 area.
SELL at 1.0334

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