AUDCAD Taking This For A Long

AUDCAD For A Long

This week we seen the AUDCAD move down in the markets, how ever looking at this since the close of the markets we have the chance of a bigger move back to the upside.

I have based this on the past price going back to the 2nd of October nearing the past price, using the fibs and creating 25% zones, i'm hoping to see a test of the bottom zoned area then a big move slowly through the week back to the higher zoned area with a possible 100 pips movement.

Let's see how this plays out...

Let me know your thoughts in the comments guys........