AUDCAD is a nice cross to trade.
The current price 0.9328 is slightly above a well-defined upward's sloping channel. It also is above the BB or into the top of it.
Further, from a historic perspective, the RSI is high, and based on past price behavior, the corrections were usually around 150 points.
it is my personal view, we may therefore see a decline back towards 0.9178 in the short-term.
Keep stops at 0.9379 for now.
The current price 0.9328 is slightly above a well-defined upward's sloping channel. It also is above the BB or into the top of it.
Further, from a historic perspective, the RSI is high, and based on past price behavior, the corrections were usually around 150 points.
it is my personal view, we may therefore see a decline back towards 0.9178 in the short-term.
Keep stops at 0.9379 for now.