Trend of the Day - AUD/CAD

New Highs Maybe in the Cards for Aussie Cad.

Since breaking out of its 2 month range between .8600 and .9000 on June 11th, Aussie Cad has rocketed to the highs of .9300. Look for continuation of this trend for the coming days. Drop down to a 4 hour chart to place stops a little below the .9244 June 29th swing low. Use a 1:2 risk to reward target in which the limit is at least 2 times the stop.