AUD / CAD: Possible short-term correction

AUD / CAD: Daily chart – an uptrend and a break

Fibonacci – correction to 50%

Price action: top – possible reversal of the price upwards


50 / 200MA: 50 over 200, cost over 200MA

DeM and CCI spin from over-sold market – a positive signal

SL: 0.98252

Alternative scenario: If the price crosses below 200MA it will probably spoil the positive signal and we’ll see new bearish momentum.


 Varchev Traders

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