Long AUDCAD: Aussie Dollar is looking strong everywhere even against its highly correlated cousins the Kiwi and the Loonie. With AUDNZD
already being risk free and half profit booked we can consider this opportunity, the measured target comes in just below the trend line
, no doubt a trap for many technical traders. An incomplete bullish
sequence means I am only interested in trading this higher, the trend here is clearly higher and that move higher appears to be incomplete so I am looking to buy at the bottom of the current pullback.