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AUDCAD currency pair recently reversed up strongly from the support zone lying between the key support level 0.91500 (which has been reversing the pair from the end of July, as can be seen form the daily AUDCAD chart below) and the lower daily Bollinger Band. Given the rising USD bullish sentiment, oversold daily Stochastic indicator and the proximity of the aforementioned support zone – AUDCAD currency pair can be expected to rise further toward the next resistance level 0.92500.
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