Aussie winning the battle of Commodity Currencies

FX:AUDCAD   Australian Dollar/Canadian Dollar
110 1 3
Since the beginning of 2014 the Aussie has been working hard against other currencies to break its downtrend. Against the Loonie in a battle of commodity currencies confirmation of a change in trend is in place. The Aussie has successfully broken resistance, confirmed the level as support, and now moves higher in an oversold condition.
Very Good !
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