Interval hourly.

Level 0.9545 stopped the descent two times in last few days creating double bottom pattern. At the same time 120 pips higher the resistance level 0.9665 does not allow to the up movement. Rebound that occurred after double bottom pattern is very weak and it seems that the third test of this support should bring his break.

AUDCAD H1
AUDCAD H1

Interval daily.

At daily interval it looks even more clearly. AUDCAD moves from the beginning of this year in the downward channel, which upper band was tested on 10 August. Currently, the price should move to a minimum of June 2015. Alternatively, exit above the level 0.9675 will change sentiment on growth.

AUDCAD D1
AUDCAD D1

FXGROW_ang

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