After strong decreases on AUDUSD there is a correction in form of bullish channel, currently price is close to its upper band. If resistance will stay, there will probably be some depreciation.

It is worth to consider horizontal support at 0.9535 which in the beginning of the week was still a resistance.

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Close below this level will be a sign of decreases probably to trend line set form May’s low, Id it will stay above support, further gains can be stopped by upper band of channel and horizontal resistance at 0.9614.

1606-AUDCAD (1)

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