Reason for Selling AUD/CAD :
AUD/CAD fails to breakout the Strong Resistance zone 1.035
Market starts to reverse with huge sellers pressure from the top zone.
Technically, market should have to keep moving down. But, the Fundamental events that made the AUD/CAD to move up more in short time.
Today, the “Australian Employment Change (Apr)” result came in Positive of +37.4k.
All the AUD pairs becomes too stronger after the positive result of Australian Employment.
This is the reason for market to reach our Stop loss price.
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