Ransquawk

An interesting situation is visible recently on the pair AUD/CAD. The daily chart shows that after breaking out from a long-lasting wedge, the price builds a clear upward trend in form of rising extremes. After weak beginning of February and strong declines, the price slowed down in the area of 0.98. It is possible that the next higher low appears here. If this is the case, then there may be strong increases, comparable to the two previous growth impulses.

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