AUDCAD is oversold, Possible rebound toward 0.9

Long

Australian Dollar/Canadian Dollar (FX:AUDCAD)

FX:AUDCAD Australian Dollar/Canadian Dollar

AUDCAD is likely to move toward 0.9 by the end of this year. As long as the rate holds above 0.855/.86 a possible bullish bias is in the cards.

Support=0.86/0.867
Key resistance=0.9

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