Observing AUDCAD 0.26% Cypher Formation We are clipping 2017's High Zone. Which is above the 1.00148. This pair doesn't spend much time above the 1.00148 price range. Resistance was brought upon the price action's development in this region. Forming a double top at the second attempt to break this price. Its important to watch for a retest of this price. If no retest is formed. I would fore see a potential Short. To the D Leg /Or Until the next support Line of .99600 If support continues to weaken. An additional Short could be seen to the .99250 So there is multiple ways at approaching this pair. This is my plan. Thanks for taking the time to read it.
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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.