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AUDCAD reversal in a range or continued downtrend?

Australian Dollar/Canadian Dollar (EIGHTCAP:AUDCAD)  
ezachbell  
EIGHTCAP:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Support and Resistance
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trendanalysis supportandresistance
Two trading opportunities are present on this pair. If Price persists below the previous low, a weak but present downtrend offers a short opportunity.

If price reverses notably however, previous highs offer clear resistance to long positions.
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