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Buy AUD / Sell CAD

Buy AUD / Sell CAD.
Though the outcome is being very surprisingly from the price level of 0.99410. It went straight up the mark of 1.0041.though there is sudden ups and downs going with the momentum with the market situation
AUD/CAD dropped from around 1.03 to 1.02 before stabilizing. On the downside, 1.0150, 1.0050 and parity provide support. On the topside, 1.03 is resistance, followed by 1.0420 and 1.0546.
The rate cut announced by the Australian central bank to cut the rates was the trigger,…
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Buy AUD / Sell CAD

TheAustralian Dollar represents the economy of Australia and is the
fifth most commonly traded currency in the world.
The Australian Dollar had a fixed exchange rateuntil 1983 when the Australian Labor government floated the currency. The
Australian Dollar was part of the Bretton Woods system from 1946 to
1971 with which the Australian Dollar was pegged to the British Pound(which was fixed to the US Dollar which was peggedto Gold) until 1967. As Bretton Woods began to break down, the value of th…
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Buy AUD, Sell USD

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Buy AUD, Sell CAD

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