AUD/CAD meduim-term target: 1.0350

FX:AUDCAD   Australian Dollar/Canadian Dollar
141 0 5
AUD/CAD             has ended its consolidation phase and has resumed uptrend.

The pair has bounced off 38.2% Fib at 0.9723, broken stiff resistance at 0.9979 and is extending upside.

For a medium-term outlook, trend is bullish . We see scope for test of 1.0350 levels.

Weakness only below 23.6% Fib at 0.9817. Violation there could see drag till 0.9650 and then 0.9490 levels.

Medium-term: Buy on dips, SL: 0.9817, TP: 1.0170/ 1.0235/ 1.0350
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