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Thursday 19 March 2015

$AUDCAD Sustaining On Higher Levels !


SUMMARY:

The overall trend of AUD/CAD is sideways, but from the last few days prices are not sustaining at lower levels and consolidating with a strong positive bias. In its 4 hourly chart the pair is taking support 200 and 30 DMA, indicating the strength for the northward journey. If AUD/CAD crosses the level of 0.9812 it can come up to the levels of 0.9880/0.9930 in today’s trading session.


AUD/CAD ( 4 Hourly )


Charts & Signals


INDICATORS:

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.
MACD line has crossed the zero line , indicating the up trend in the market.

STRATEGY: 

AUD/CAD is sustaining on higher levels & looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

PIVOT POINTS :


S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.0219
1.0399
1.0633
1.0813
1.1047
1.1227
1.1461
GBP/USD
1.4174
1.4403
1.4691
1.4920
1.5208
1.5437
1.5725
USD/JPY
117.14
118.26
119.18
120.30
121.22
122.34
123.26
USD/CHF
0.9138
0.9382
0.9583
0.9827
1.0028
1.0272
1.0473
AUD/USD
0.7368
0.7478
0.7625
0.7735
0.7882
0.7992
0.8139
EUR/GBP
0.7053
0.7110
0.7182
0.7239
0.7311
0.7368
0.7440
USD/CAD
1.2052
1.2263
1.2414
1.2625
1.2776
1.2987
1.3138
NZD/USD
0.7041
0.7157
0.7322
0.7438
0.7603
0.7719
0.7884




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