The long trade in AUDCAD got triggered at 0.97883 with stoploss at 0.97423 and take profit at .99000. The pair did well on Friday and was able to close the day higher than the Thursday's close. I am expecting the pair to rise even higher and achieve the 1.0000 levels once again. On Tuesday there will be rate statement from Australia and on Thursday from Canada. That will have a huge impact on this currency pair. A leg lower than 0.9750 will negate my idea of longs. Here is the setup. Happy trading to all.
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