Socahollic

Australian Dollar/Canadian Dollar - BUY

Long
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Price may buy to resistance zone 1, which is also the middle Bollinger band and then pull back possibly to support zone 1 on the daily time frame. There is a W formation which indicates trend reversal which is why I believe price will eventually buy passed resistance zone 1 and then hit resistance zone 2. Price may also just break through resistance zone 1 with no pull back or retracement.
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