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AUD/CAD stuck between 0.9950 and 0.98 – TDS

FXStreet (Barcelona) - The Research Team at TDS notes, AUD/CAD charts are in a bit of a mess lacking follow through above 0.9950 or below 0.98 at the moment.

Key Quotes

“The charts are a bit of a mess in that the price action is seeing strong, impulsive moves with little or no follow through above 0.9950 or below 0.98 at the moment. The strong rejection of the mid/upper 0.99 area through October/ November still really suggests that the broader risk is lower and price patterns support that call—bear flag or Head & Shoulders continuation signaled on a break below 0.9782.”

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