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Short

AUD/CAD finds stiff resistance at 0.9545, good to sell rallies

FX:AUDCAD   Australian Dollar/Canadian Dollar
130 1 5
AUD/CAD             is extending downside from 1-month highs of 0.9545 hit on Tuesday.

Intraday bias for the pair is lower, pair finds immediate support at 0.9455 ( trendline ), then 0.9446 (10-DMA).

Major resistance is seen at 0.9542 ( trendline ), bearish invalidation only on break above.

Techs on 2H charts support downside. Break below 0.9455 could see test of 0.9385 levels.

Good to sell rallies around 0.9485/95, SL: 0.9545, TP: 0.9455/ 0.9430/ 0.9385
Comment: Pair approaching TP2 @ 0.9430. Book partial profits.

AUD/CAD finds minor support at 0.9437 levels.

Downside for the pair still intact. Hold for TP3.
Thanks .
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