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AUD/CAD broke resistance area

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  • AUD/CAD broke resistance area
  • Next buy target - 0.9900

AUD/CAD continues to rise after the earlier breakout of the resistance area lying between the resistance level 0.9780 (which was set as the buy target in our earlier forecast for this currency pair) and the resistance trendline of the daily down channel from August. The breakout of this resistance area accelerated the active minor impulse wave 1. AUD/CAD is expected to rise to the next buy target at the next resistance level 0.9900 (which reversed earlier waves (a) and 4).

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