10 votes Vote story as "Fresh"
0 votes Vote story as "Stale"
The AUD/CAD has been trending up for the majority of 2009. However, the pair seems to have stalled. There is a bearish butterfly forming on the 2hr Chart that would provide an entry and exits with a favorable risk:reward ratio as well. Notice that the pattern would complete just above the 127.2% Fibonacci extension of YZ on the Daily Chart.