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AUDCAD recently reversed up from the support area lying between the key support level 0.89800 (which has been reversing the price from the middle of November) and the lower daily Bollinger Band. Given the rising bullish Australian Dollar sentiment seen across the markets today – AUDCAD is likely to continue to rise toward the next resistance level 0.91100 (upper boundary of the sideways price range inside which the pair has been trading from October).
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