AUDCAD Is Further Bullish | Free Forex Signals | Daily Fx News

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Today we are sharing AUD/CAD Daily Fx News

SUMMARY:

The primary trend of AUDCAD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating with strong positive bias to give break out at upside. In its hourly chart, prices are facing an important resistance at the level of 0.9550 . It is also taking support of 30 DMA. If the pair breaks the resistance level of 0.9550 at upside then we can expect it to test the level of 0.9615/0.9650. 

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AUDCAD ( Hourly )

AUDCAD Chart Today

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 

MACD line 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.

PIVOT POINTS :-

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0544	1.0601	1.0669	1.0726	1.0794	1.0851	1.0919
GBP/USD	1.4735	1.4794	1.4860	1.4919	1.4985	1.5044	1.5110
USD/JPY	118.58	118.86	119.27	119.55	119.96	120.24	120.65
USD/CHF	0.9362	0.9431	0.9489	0.9558	0.9616	0.9685	0.9743
AUD/USD	0.7600	0.7640	0.7675	0.7715	0.7750	0.7790	0.7825
EUR/GBP	0.7119	0.7143	0.7167	0.7191	0.7215	0.7239	0.7263
USD/CAD	1.2127	1.2168	1.2225	1.2266	1.2323	1.2364	1.2421
NZD/USD	0.7548	0.7590	0.7631	0.7673	0.7714	0.7756	0.7797

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