nelsyboy

CONTINUED LONG AUD/CAD

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FX:AUDCAD   澳元/加元
I am currently long this pair. I believe the target price is 1.00112 based on the retrace back up to the March 2018 high. This price represents the midpoint between the 76% and 100% on the weekly FIb retrace which is a common finish. I have also used the Fib tool to project the strength of the retrace from the March 2020 beginning and this appears to match up.
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