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AUDCAD under bearish pressure after the recent downward reversal from the key resistance area located between the pivotal resistance level 0.96350 (which has been reversing the price from the middle of July, as can be seen below) and the upper daily Bollinger Band. Given the moderately bearish Australian dollar sentiment seen across the currency markets today – AUDCAD is likely to fall further toward the next support level 0.94400 (previous monthly correction A from August).
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