One of those ‘slow burn’ cross trades attempting a shimmy higher. helped along by weakness in the CAD side at the time of writing .
The inverse head and shoulders has broken – So decent risk reward here with the first target at the 0.9770 area.
I’ve been jobbing this one on the dips with a long bias since last week. I noticed a bit of interest in the comments on Aussie trades so thought I would post a reminder of the the much maligned AUDCAD that has served me well as a dip buyer.
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