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AUD/CAD Remains Strong

AUD/CAD Remains Strong

Thomas Long, Course Instructor

In spite of trading down through the recent low by a couple of pips, the AUD/CAD has found support, reversed and has moved back up through parity (1.000 level). This is bullish and reason to continue to look for buying opportunities on this pair. I would maintain that bullish bias as long as the pair remains above the .9900 level noted on the chart.

AUDCAD_body_72422d1290007235-trend-day-audcad-1117.png, AUD/CAD Remains Strong

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.