Samuel_Morton_Trader

AUDCAD at daily horizontal support...

Long
EIGHTCAP:AUDCAD   Australian Dollar/Canadian Dollar
The RBA are likely to continue raising rates, more so than the BOC. The real fundamental bias is based on the economic data, though - Australia has released much more attractive economic figures than Canada. In fact, the AUD is a clear buy for me, if and when the price action agrees.

We could see price reverse from the current support at 0.8815. If not, the next key levels are 0.8750 and 0.8600...

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