AUDCAD Trade Idea 2308-2608
Technically we see a strong rejection at 0.9200 as we can observed from the price at Friday US session, while such a move at Friday US session was drive by slightly better than expected Canadian core retail sales data.
Look for short term sell opportunity till 0.9100+- if price were to retrace back to retest again at the key level of 0.9200 on Monday US session.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Look for short term sell opportunity till 0.9100+- if price were to retrace back to retest again at the key level of 0.9200 on Monday US session.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Disclaimer
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