Short on Resistance for the Aussie CAD?
Look how many times the 1.01 level has acted as resistance ... a whopping 4 times since July Last year ....what makes me think this might happen again ?
Either way a good opportunity to get a short in with a good return value ... a stop could be just above the resistance line leaving you with a good potential return down to around the 0.99 level.
any takers?
Either way a good opportunity to get a short in with a good return value ... a stop could be just above the resistance line leaving you with a good potential return down to around the 0.99 level.
any takers?
Nota
No resistance yet ... still waiting ... conservative bet would be to wait for it to break below 1.01 before selling
Penafian
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