Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/CAD breaks strong trendline support at 0.9340, bias lower

AUD/CAD chart - Trading View 

  • AUD/CAD has broken strong trendline support at 0.9340, bias lower. 
     
  • Near-term trend in the pair has shown a shift as indicated by GMMA indicator.
     
  • Recovery attempts capped at cloud which offers stiff resistance. Price action is below major moving averages.
     
  • Technical indicators support further weakness. Volatility is rising and RSI and Stochs are sharply lower.
     
  • Next immediate support lies at 78.6% Fib at 0.9248. Break below will see dip till 0.9175 (Oct 24 low).
     
  • 5-DMA is immediate resistance at 0.9336, retrace above trendline support turned resistance at 0.9340 could see minor upside.

Support levels - 0.9248 (78.6% Fib), 0.92, 0.9175 (Oct 24 low)

Resistance levels - 0.9336 (5-DMA), 0.9360 (61.8% Fib), 0.94

For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 19 03:00 UTC Released

NZRBNZ Offshore Holdings

Actual

51.3 0

Forecast

Previous

51.2 0

June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

January 31 00:00 UTC 725963725963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725963725963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737783737783m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725963725963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737783737783m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725963725963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725963725963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725963725963m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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