FX:AUDCAD   Australian Dollar/Canadian Dollar
PAIR = AUDCAD

PREDICTED DIRECTION = SHORT

REASON FOR SHORT = PRICE HAS COME UP TO REST A STRONG SUPPORT AND THE 0.5 FIB (STATIC SUPPORT) AND IS ALSO TESTING THE 200EMA (DYNAMIC SUPPORT)

RISK TO REWARD = AT LEAST A 1/1 AND MAYBE POSSIBLE A 1/3

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