Driven by strong fundamentals, the pair is still continuing its downtrend after a breif pushback inside the ichimoku cloud where it has found resistance. Currently, we have cleared the cloud by the downside so new lows are to be expected. I personally have my target at around 0.8800 .
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Retracing... The bias has not changed : BEARISH. I will be looking to add half risk on my position when at resistance.
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Volumes are higher. Expect a continuation to the downside.
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Lower low. structure in formation...
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Currently on support. I am taking some profits off the table and let a runner for the final target.
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My bias is still bearish for the coming week.
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Retracement this morning... Still holding, bias has not changed!
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Hold.. Patience is key
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FOMC meeting day, if it is as expected AUDCAD will drop!
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Holding with patience... The bias remains the same!
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Still active. PLease understand that those are swing trades. The RR to the target remains positive! Managre risk properly!