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Technical Analysis

Should we expect a bullish trend on AUDCAD?

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The breakout of AUDCAD through the 0.8969 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUDCAD could test 0.8992 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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