AUDCAD Long set up.
The AUDCAD tested the major buy zone and bounced right back out of it. It's a good trade based on the Daily and 4h charts. If we see a bullish candle close out of this buy zone then we will hold the trade looking to take profit around the 0.98 to 0.99 area. Watch this space. The RSI and Stoch indicators are no longer looking oversold and I am more inclined to say the market is starting an uptrend. It is early but this area is a great place to get long.
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