AUDCAD is pushing under the 0.8900 handle, after holding below the downtrend line and being capped by the 50- and 100-day simple moving averages (SMAs). The pair appears to be heading for a revisit of the more than 9-year low of 0.8834 – this being the lower boundary of a six-month trading range. The short-term oscillators seem to agree with the negative outlook. The MACD, although above its red trigger line in the negative region, is looking to move back [..]
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