Aud/Usd proving itself. It is about 9pm mtn, 11pm est. The Australian market has opened and my faith is being restored in our friends on the opposite side of the world. The trade is back near short term resistance and back up 52 pips at the time of this post. Looking at the hour charts, I am excited to see a test if support at 0.7530 where previous consolidation has occurred. After the US market opens, I will consider readjusting the stop into positive territory. Right now I am just content with the support bounce and climb.
The Usd/Cad trade is stronger yet at 1.1664 up 76 pips from our entry. No changes to the analysis, I want to see it sustain a point lower than the 1.1685 mentioned earlier today.
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