AUDCAD wedge play with possible breakout

19 Jul 2013

I'm long AUDCAD from 0.952 looking for another test of the top side of this wedge at 96 as my first target. So far this trade is doing well, however the Canadian CPI figure is due out in about an hour which could send it in the other direction. My stop has been moved to breakeven to avoid taking a loss if it does reverse.