The currency pair AUDCAD breaks from bottom line of the downtrend conducted from the top from April 1.

This situation on the chart may indicate further strengthening AUDCAD, while it is possible that it comes to the correction of recent increases, which lasted continuously over 10-hourly candle.

Possible correction may end up on the test of the trend line as a new resistance or go down to the support shown in the chart.

1404-AUDCAD


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