Morning roundup: AUD/CAD moving higher in the BC leg [Video]

Ian Coleman FXStreet

AUD dipped lower to the prime support of the 61.8% Fibonacci. The subsequent move higher has projected AUDJPY and AUDNZD higher.

Today I am looking for a limited move higher in the CAD. This brings AUDCAD onto focus with prime support seen at 0.9231. Bullish AUD bearish CAD. It should be noted that the anticipated move higher is corrective.

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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