AUD/CAD TECHNICAL’S

UntitledMONDAYAUDCAD

The AUDCAD is working on its fourth month of trading inside of a 340 pip range. As seen above, price has recently traded off of resistance near .9740, which coincides with its May 2015 high. Previous moves from this point of resistance, have pointed price towards support near .9400. If range bound conditions continue, traders may start by targeting 50% of the range at .9570 and ultimately support near .9400.

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