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AUDCAD continues to rise inside the daily upward correction which started earlier with the daily Bullish Engulfing from the strong support area lying between the support level 0.8900 (which formed Double Bottom in august) and the lower daily Bollinger Band. Given the strength of the aforementioned support area and the widespread Australian Dollar optimism seen today – AUDCAD is expected rise further toward the next resistance level 0.9100 (former powerful support from June and July).
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