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Exchange Rates 01.06.2020 analysis

Good afternoon traders! A trading idea for AUD/CAD.

Since March, the pair has moved about 11,500 pips continuously, without a reversal.

Use grid trading to pull back the quotes and break the round level of 0.92.

Exchange Rates 01.06.2020 analysis

Set sell orders from the current price or higher, for a pull back of about 500-1000 pips.

If the first transaction immediately moves 1,000 pips, take profit.

If movement upward persists, reset the grid into the first order.

Use the round level indicator to control the grid.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Andrey Shevchenko,
Analytical expert
InstaForex Group © 2007-2020
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