The currency pair AUD/CAD after yesterday failed attack on Friday high headed south, to the support line, led from the low of March 3.

If the price will remain above mentioned trend line and to confirm break through resistance in the form of trend lines led from yesterday’s maximum, we can expect further growth. Alternatively, a drop below the support line and the current minimu, as well as closing prices below him could lead to further depreciation and as a result of lower prices at the end of today’s session.

0308-AUDCAD


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