AUDCAD: Good chance to long
Updated
We can take this long here, risking a drop under 0.97612. Target is not set in stone, but watch how it evolves. We're testing a critical support level, but also facing considerable resistance, so we might have to be patient. I still think the trend will continue to be up, so, not a huge concern to hold this.
Good luck!
Ivan Labrie.
PS: I had a moderator comment on my publication format, for now, I'm keeping it brief, but message me if interested in my services. I will post trades on and off, but there are quite a few I reserve for my private clients.
Good luck!
Ivan Labrie.
PS: I had a moderator comment on my publication format, for now, I'm keeping it brief, but message me if interested in my services. I will post trades on and off, but there are quite a few I reserve for my private clients.
Note
With the prospect of falling prices in CAD (and AUD) vs the dollar, this uptrend could continue to progress.Note
(the good thing is this pair gives you uncorrelated returns -alpha!-)Note
Looks like AUDCAD can rally again.
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ivanlabrie.substack.com/
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