AUDCAD has tested support at 0.9320 and rebounded. More over PIN BAR candle occurred yesterday at time-frame daily. Such a candle on the support predicts stronger upward movement.
However due to the fact, that AUDCAD had been falling since April 1st current rebound should be seen as correction in downtrend. It can be changed in the future but only when the price will break resistance at 0.9500. The nearest target for demand is the weaker resistance at 0.9450 level.
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