AUDCAD bounces from triangle support. Long

Australian Dollar/Canadian DollarFXCM

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⋅ 7 apr 2015 19:19

Pair bounces from strong support .Bullish engulfing candle.I am expecting move up to 61.8 and 200 DMA. There is no need to risk much below trendline. Trade looks solid, considering:
1) RBA didn't cut rates today.
2) Canadian economy looks weak.

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