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AUDCAD 4 Sep 2023

AUDCAD 4 Sep 2023 on the H4 timeframe, it looks like the pair continues to move sideways in the range between R1 and S1. despite being above the kumo on the inchimoku indicator, it looks like there will be a trend reversal from bullish to bearish when the pair touches R1. this is also reinforced by the stochastic indicator, which shows a crossing between the two moving average lines. If the bearish is happening, then go-short could be an option for traders. But on the other hand, if this pair is able to rise until it breaks R1 then go-long is the choice. Study many indicators and pay attention to market changes before making trading decisions.

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