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AUD/CAD Struggles To Break Parity

As the pair retests its strong psychological and parity level of 1.00, it is also important to note that 0.97 is still the 2nd untested sell-side Scalar retracement level on the 100-pip scale. If indeed it breaks parity, which currently forms the 3rd untested sell-side Scalar retracement level, we can expect a very high probability that it will be retesting it again - a good short to mid-term short (sell) position. SEE CHART HERE.