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USD/CAD 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 22, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/CAD 4H Chart: Channel Up Comment: The overall outlook on AUD/CAD is bullish. The currency pair is trading in a high-quality ascending channel and above the 200-period SMA. At the same time, the daily and weekly technical indicators are largely pointing upwards. Moreover, most of the open positions are short, meaning the Aussie is oversold and a substantial increase in supply is unlikely. However, in the near term the risks are considered to be skewed to the downside, being that the

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