AUDCAD For A Long
This week we seen the AUDCAD move down in the markets, how ever looking at this since the close of the markets we have the chance of a bigger move back to the upside.
I have based this on the past price going back to the 2nd of October nearing the past price, using the fibs and creating 25% zones, i'm hoping to see a test of the bottom zoned area then a big move slowly through the week back to the higher zoned area with a possible 100 pips movement.
Let's see how this plays out...
Let me know your thoughts in the comments guys........
This week we seen the AUDCAD move down in the markets, how ever looking at this since the close of the markets we have the chance of a bigger move back to the upside.
I have based this on the past price going back to the 2nd of October nearing the past price, using the fibs and creating 25% zones, i'm hoping to see a test of the bottom zoned area then a big move slowly through the week back to the higher zoned area with a possible 100 pips movement.
Let's see how this plays out...
Let me know your thoughts in the comments guys........