AUD/CAD (4 HOURLY )
 |
| AUD/CAD |
RECOMMENDATION : BUY
TARGET 0.9945
SUMMARY:
The major trend of AUD/CAD is bearish but from past few
weeks prices are not sustaining at lower levels & consolidating
near the important level of 0.9810. Prices are taking resistance of
falling trendline & consolidating with strong positive bias. If
the pair breaks the important level of 0.9810 at upside then we can
expect it to test the level of 0.9880/0.9945.
INDICATORS:-
RSI is sustaining in buying territory supporting the
upcoming bullish trend in the pair. MACD is also sustaining above the
zero line,indicating the up trend in the market.
STRATEGY:-
AUD/CAD
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.
