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AUDCAD rallies aggressively in short-term; posts 2-month high
AUDCAD is recording an aggressive bullish run and surged almost 1% over the previous two trading days. The price completed the second green day and during European session printed a 2-month high near the 0.9900 psychological level. Prices broke above the 0.9880 level and are trading well above their simple moving averages (14 and 20). The bullish picture in the short and medium-term is further supported by the momentum indicators. Short-term technical indicators are also pointing to a continuation of the bullish bias. However, the stochastic oscillator is moving in the overbought area, suggesting that the latest ... (full story)