AUD/CAD Weekly Analysis

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We can see a huge weekly candle (circa 500 pips) as sellers took price all the way down to sub 0.8600 last week.

Looking back over the years, 0.8600 has been a huge demand zone for this pair.

This may now lead to opportunities to buy on the smaller time frames.

This is just an idea of what may happen. You should always trade with a well tested and profitable trading strategy using good risk management.

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