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.
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 :
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