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francesgurton
May 8, 2021 6:53 PM

AUDCAD - Short Short

Australian Dollar/Canadian DollarFXCM

Description

Potential for further downside as price rejects at previous support (0.9540).

if bearish momentum continues, the price could head down to the previous resistance zone on the daily time frame (around 0.9400).

The Canadian dollar has shown good strength recently which we help create bearish momentum on this pair
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