AUD/CAD could retest previous lows

Hi traders, here's a daily chart of AUD/CAD. As expected, the pair retraced at the 61.8% Fib level after forming a very strong pinbar candlestick.

The chart also shows a break below a shorter-term support level, signaling further weakness ahead.

Note that the AUD and NZD are overall poor performers today across the board as risk aversion hit the market this morning.

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