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AUD/CAD reversed from support zone

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  • AUD/CAD reversed from support zone
  • Next buy target - 0.9880

AUD/CAD recently reversed up from the support zone lying between the key support level 0.9730 (which reversed the previous minor correction 2 in January) and the lower daily Bollinger Band.  The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star. AUD/CAD is expected to rise toward the next buy target at the next resistance level 0.9880 (former support from February and March).

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