Stockej

Short on Resistance for the Aussie CAD?

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
18 views
1
Look how many times the 1. 01 level has acted as resistance ... a whopping 4 times since July Last year ....what makes me think this might happen again ?

Either way a good opportunity to get a short in with a good return value ... a stop could be just above the resistance line leaving you with a good potential return down to around the 0.99 level.

any takers?
Comment: No resistance yet ... still waiting ... conservative bet would be to wait for it to break below 1.01 before selling