The Australian-Canadian is moving in an upward direction, expected to continue rising from the support area at 0.9132 levels, to target the resistance area at 0.9269 levels, and from the resistance area, a corrective descending wave is expected to target the support area at 0.9213 levels, before continuing the rise and targeting the second resistance area at 0.9370 levels.
But in the event of closing a four-hour candle below the level of 0.9114, the beginning of the decline is expected, targeting the support levels at 0.9018 levels.
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