AUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9409 and the downward trend line just above that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. I have opened a short at 0.9403, SL 0.9420 (close) and finally a TP 1: 0.9347 TP2: 0.9303
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Closed half the position at 0.9376 for a profit of +27 pips! leave the rest to run in the profit for now.
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CLOSED ALL @ 0.9361 +56 pips Just ahead of the 0.9347 fibbo support. A total of +83 pips made on this trade.