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Trading_Dynamics

AUDCAD - Retest of the previous support

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
Trading_Dynamics  
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis
3
0
trendanalysis
The market has made a reversal by producing the head and shoulder pattern on the daily chart. The price is now going to test the previous support level which now becomes the new resistance. We can expect the market to break down further.
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