The breakout of AUDCAD through the 0.8947 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUDCAD could test 0.8902 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
AUDCAD has broken through a support line. It has touched this line numerous times in the last 12 days.
