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20.07.202212:50 Forex Analysis & Reviews: Trading tips for AUD/CAD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 20.07.2022 analysis

June 29's trading plan projected an increase in AUD/CAD's quotes after the breakdown of 0.88800.

The pair completed this move yesterday during the US session, which led to the closure of many long positions.

Plan:

Exchange Rates 20.07.2022 analysis

Development:

Exchange Rates 20.07.2022 analysis

Huge congratulations to those who followed the strategy! The pair moved by as much as 1,500 pips. Now is the best time to close your positions.

The strategy was based on the grid trading method, which is usually used on cross-rates.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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