Currency Pair: AUD/CAD
Direction: Long
Trader Comments: AUD/CAD Long. This is actually an AUD/CAD Radar. AUD/CAD on the hourly charts is forming an inverted head and shoulders. The pattern is not at the bottom of a big down move like it is supposed to be for a valid technical pattern, but if you move out to a daily chart you will see that it has formed a very solid bull flag pattern. The optimal price for a long on this currency pair is the 20 day moving average at 1.0317
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