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AUDCAD 18 April 2023 on the H4 timeframe, it looks like the pair is experiencing a bearish trend last week which is seen on the Ichimoku indicator where the pair is still ranging below the Kumo cloud. Referring to the stochastic indicator, there is a possibility of a trend reversal caused by overbought. Therefore go-short could be an option for scalpers. Trade with your own risk or wait for further indications.
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