AUDCAD: the beginning of a new trend and growth in it

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After the price reversed about 0.998 in February, a downtrend began. It ended at support 0.948. The price bounced from this level, broke through the 0.956 trend line and continued to grow. It is now clear that a new uptrend has formed during the price growth. The price is at the support 0.966 and can be expected to grow from it and touch the resistance at 0.980.

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