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AUD/CAD Forex Pair…Trouble Ahead for China?
Friday, October 5, 2012 19:30
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At the time of writing this post intraday on Friday, the AUD/CAD forex pair is down 0.0066 pips and is below parity, as shown on the Weekly chart below. The 1.00 level is, essentially the neckline of a Head & Shoulders pattern, and is an important level. A weekly close below could, ultimately, send it down by a measured move of 700…
Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.
Be Sure to Check out Ryan’s Site at Shareplanner.com
2012-10-05 19:20:41
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