Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

AUD/CAD breaks minor trendline support at 0.9410, targets 0.9315

  • AUD/CAD has broken minor trend line support around 0.9410 (trend line joining 0.92460 and 0.9378)  and this confirms short term weakness , a decline till 0.9315/0.9260 is possible .
     
  • Overall trend reversal only above 0.9500 . The minor resistance is around 0.9450.
     
  • On the downside minor support is around 0.9370 and break below targets 0.9315/0.9280 level.

It is good to sell on rallies around 0.9395-940 with SL around 0.9451 for the TP of 0.9320/0.9285

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.