AUDCAD - Approaching Multi-Year Support Zone. Time To Buy? | Mar 21


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AUDCAD – Testing Multi-Year Support Zone (weekly chart)

Price Action Context

Selling off 3 of the last 4 weeks and continually printing lower highs, the AUDCAD forex pair has been weakening since 2017 and has now produced 2 LH’s and is now attacking a multi-year support zone.

Trend Analysis

Looking at the long term corrective structure, while the pair was stable between 2013 and 2017 continually hitting the 1.0250 …

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