Looks like a possible double top on the Ozzie vs Loonie. Price tested the initial close high at about 1.0065 twice. There is a strong bearish divergence on the RSI, so let's see if the bears can hold and drive the price lower.
Stop-loss at 1.0110 - this is 10 pips higher than the 1.0100 level.
First take profit level at 0.9850
Hoping for second take profit level at 0.9650
Stop-loss at 1.0110 - this is 10 pips higher than the 1.0100 level.
First take profit level at 0.9850
Hoping for second take profit level at 0.9650
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.