On the currency pair AUD/CAD can be seen sharp declines that have persisted since last Tuesday. On Friday, we witnessed a significant acceleration of this trend and around the level of 0.9618 formed low.

The current week began with a correction of Friday’s discount and the price reached the third time to the trend line, and there appeared candle with the long wick, which indicates the supply pressure. It seems that if the price will remain under the line, which is the resistance, today’s session will close at levels lower than those shown on the chart below.

0229-AUDCAD


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