AUDCAD a broken rising wedge retest
AUDCAD is pulling back for a retest of the previously broken 0.9800 the downside resistance of the rising wedge. You can see the pair can extend the downside if it confirms a break below 0.9640 resistance now. If we don’t see a substantial break above 0.9700 we are heading lower to 0.9250 possibly. This will change substantially an upside reversal dynamic.
Note – Look for the short trade entries with the stop loss above 0.9680 in the case of a break below 0.9640
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