AUD/CAD may rise 28 - 42 pips
0.8949 is our pivot point.
Our preference
As long as 0.8949 is support look for 0.9010.
Alternative scenario
Below 0.8949, expect 0.8926 and 0.8913.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8966 and 0.8958).
Supports and resistances
0.9037 **
0.9024 *
0.9010 **
0.8996
0.8968 last
0.8958
0.8949 **
0.8926 *
0.8913 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
As long as 0.8949 is support look for 0.9010.
Alternative scenario
Below 0.8949, expect 0.8926 and 0.8913.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8966 and 0.8958).
Supports and resistances
0.9037 **
0.9024 *
0.9010 **
0.8996
0.8968 last
0.8958
0.8949 **
0.8926 *
0.8913 **
Number of asterisks represents the strength of support and resistance levels.
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