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Short

AUDCAD LONG TERM DOWNTREND

FX:AUDCAD   Australian Dollar/Canadian Dollar
144 0 3
While trading below 200D moving average, AUDCAD             bounced off the downtrend trendline and at the same time broke below an uptrend trendline . Everything looks very bearish for mid to long term. I'd consider first target near the recent low around 0.96, and if broken, net target would be 0.93 area.
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