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AUDCAD continues to fall inside the accelerated downward impulse wave 3, which previously broke the support area located between the key support level 0.93400 and the 50% Fibonacci correction of the upward impulse from last May. Given the strong bearish Australian dollar sentiment seen across the FX markets today, AUDCAD is likely to fall further toward the next support level 0.92000 (former resistance from May and the target price for the completion of the active impulse wave 3).
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