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The AUDCAD pair remains in familar territory.

Written by Sam Coxhead on September 21st, 2012.      0 comments

4:52 PM (NZT) This pair has seen a contained range this week for the most part. The AUD saw early pressure and this accelerated on Tuesday as the weeks lows were set following the release of the RBA’s monetary policy meeting minutes.  The Canadian influence has been limited due to a lack of economic data so far, but tonight’s inflation numbers provide a little focus to round out the week. The pair remains in what has become familiar territory, and this is likely to continue next week. Expect initial support at 1.0150 and the 1.0070 below The resistance will likely be seen at 1.0300 initially and then higher at 1.0375 in the unlikely event that the solid resistance at 1.0300 does not hold.
 
The current interbank midrate is:                                                            AUDCAD  1.0205                                                                                         
 
The interbank range so far this week to date has been:                 AUDCAD 1.0148 – 1.0248
Topics: AUD CAD
 

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