AUDCAD has been getting some footing over the last few weeks, but the clear trend and heavy momentum appears to the downside.
The Monthly outlook on the pair shows the top in Feb 2012 and a larger cycle to the downside is in play.
Levels
1.0000 - Phsycological Parity level
0.9970 - Weekly Resistance Level
0.9960 - October High & 50% Retracement of last leg down (1.0234-96.88)
0.9830 - Weekly/Monthly minor support and Fib confluence area
0.9417 - Weekly/Monthly Major support and Fib confluence …
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