AUD/CAD is consolidating on weekly chart. It has started downtrend after it failed to cross its previous high of 1.035 despite several attempts. Now it is consolidating near its support at 0.9600 level. I expect it to bounce back back to higher levels from here.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is consolidating at 0.9600 level.
2. CCI is headed upward.
3. On Balance volumes falling as compared to earlier on…
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