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Today we are sharing GBPAUD Currency Trading Signals
SUMMARY:
The secondary trend of AUDCAD is sideways on charts and from past few trading sessions prices are not sustaining at lower levels and taking resistance of the falling trend line. The pair is consolidating with strong positive bias to give break out at upside. In its 4 hourly chart, prices are facing an important resistance at the level of 0.9670. 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. If it breaks the resistance level of 1.9510 at upside then we can expect it to test the level of 0.9750/0.9790.
AUDCAD
( 4 Hourly )
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| AUDCAD CHARTS TODAY |
INDICATORS:-
RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.
MACD is also sustaining in buying territory indicating the bullish trend in the pair.
STRATEGY: AUDCAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
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