# AUD/CAD Parity Play (October 23, 2013) Source: https://www.tradersway.com/resources/market-info/aud-cad-parity-play-october-23-2013/ Language: en Updated: 2013-10-23 Description: Explore AUD/CAD Parity Play (October 23, 2013). AUD/CAD’s rallies. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUD/CAD’s rallies seem to be exhausted already as the pair is in the process of testing the resistance at parity. This is in line with a former support level, which has held last year. Stochastic just reached the overbought zone but hasn’t crossed down yet which suggests that there’s not enough selling pressure for now. Waiting for the oscillator to start moving lower is a good confirmation that the selloff will resume. ![AUD/CAD Parity Play (October 23, 2013)] Shorting around 1.0000 with a stop above the 61.8% Fibonacci retracement level or 150 pips would yield a good reward on risk for a position trade all the way back to the previous lows around .9200. Locking in gains midway around .9500 would be an excellent way to protect profits. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/aud-cad-parity-play-october-23-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/aud-cad-parity-play-october-23-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/aud-cad-parity-play-october-23-2013/", "headline": "AUD/CAD Parity Play (October 23, 2013)", "inLanguage": "en", "datePublished": "2013-10-23T11:13:00+00:00", "dateModified": "2013-10-23T11:13:00+00:00", "articleSection": "Market Info", "description": "Explore AUD/CAD Parity Play (October 23, 2013). AUD/CAD’s rallies. 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