NZD/CAD 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUD/CAD 4H Chart: Channel Up Comment: AUD/CAD has been bullish since the very beginning of November, and considering that the pair has already surpassed the March high, the recovery is expected to continue, and the target is this year’s maximum at 1.0090. Additional argument in favour of the bullish outlook is sentiment: 72% of open positions are short. In the near term, however, we are likely to see a sell-off, as the price has just encountered the upper boundary of the channel. The losses

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