Over the year, AUD / CAD has dropped by 7,000 pips, nearing the 2020 all-time high. Considering this, traders should place limit orders below 0.92400 to set off a price increase.
The interval should not be less than 500 - 1000 pips, and the volume should not be more than 0.01 lot. Expect movement of at least 3-5 pips.
This method is what we call "Grid Trading, which investors use when trading cross-rates.
Good luck!
