I initially sold AUDCAD at 1.0619. Prices are testing above my stop-loss at 1.0664 but I will continue holding the position absent a daily close above that level. If the trade is stopped out, I will look for new selling opportunities in the days ahead to re-establish exposure to the longer-term trend of slowing Chinese economic growth versus improving performance in the US.
AUDCAD: Short Trade Triggered on Support Break
Thu Feb 23 11:01:00 GMT 2012