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The AUDCAD pair looks like making a rising wedge with the apex of the wedge at 13 DEC 2016 valued at 1.02250. According to the wedge drawn by me the price if it obeys the wedge till 1st Nov then upper line is at 1.01920 and lower line is at 1.00320. So I assume that the price will be between these two levels on 1 Nov 16 at 1200 GMT. DAILY CHART 4H CHART
The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively. Ha…
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The EURUSD pair seem to be in the symmetrical triangle for the past few months and if it stays within the triangle then on 1 Nov 16 the pair will be near 1.11640. The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively. Happy Trading.
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