After today’s reading macro data from Canada, where unemployment was higher than expected AUDCAD dynamically appreciated. Upward movement stopped at the important resistance 0.9510, which caused rebound for 6 weeks Immediate target of falls will be 0.9430.
- Position: short
- SL: 0.9520
- TP: 0.9430
You can trade on AUDCAD with free FX GROW account.