While trading below 200D moving average, AUDCAD bounced off the downtrend trendline and at the same time broke below an uptrend trendline. Everything looks very bearish for mid to long term. I'd consider first target near the recent low around 0.96, and if broken, net target would be 0.93 area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.