AUD/CAD: 4-hour
Price action in AUD/CAD has been tightening up for the past few months, but now we’re starting to see the bears take action, first breaking the higher ‘lows’ trendline, and now possibly breaking minor support at the major psychological level of .9600. This leaves little support until .9400 is met, and if that area breaks, AUD/CAD could be on its way to a major support area around .9200, which hasn’t been seen since August 2013.
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