Consolidation prior to Short - retest of the lowAUDCAD has been in a longer term down trend , with last week seeing a break of the head and shoulders pattern to hit the .938 TP.
We are seeing AUDCAD now in a wedge consolidation around the .95 area, prior to a move to the downside to retest the .938 zone.
Once the consolidation has bound up, a good area for a sell stop, with the SL around the .95 area and TP at the .938
Happy Hunting
