Aud/Cad has hit a technical weekly target and has bounced
The bounce occured off the weekly fibonacci expansion level of 100% of the last weekly move
You can see this on the weekly chart
I have drawn the weekly fibonacci retracement levels from the last weekly move up,
and then from the last weekly move down aswell (in Red and Blue)
Aud/Cad weekly chart
Looking a bit closer on the daily chart we can see that the bounce off the 100% weekly expansion level is exact
The price is moving above the 23…
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