AlkalineFX

AUDCAD - Is It Ready?

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUD has been unstoppable this week, which has made it impossible to sell this pair. We have wiped out the prior high again but we remain above significant structure so we cannot sell until the price clears that level marked. Personally, I am more inclined to sells but I will go with the flow and not get caught with a bias. I assume the majority of sentiment is selling this pair and that's why we are seeing such a significant stop loss hunt.

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