Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Trade Idea: Long AUD/CAD

Trade Idea: Long AUD/CAD

FxWirePro's Hourly AUD Spot Index 103.197 (Bullish)

FxWirePro's Hourly CAD Spot Index -89.5286 (Bearish)

Supporting Technicals:

- Bullish divergence on RSI and Stochs

- MACD bullish crossover on signal line

- Stochs and RSI biased higher

- Break above 20-DMA and 5-DMA is sharply higher

Support levels - 0.9834 (20-DMA), 0.9793 (5-DMA), 0.9765 (1H 200-SMA)

Resistance levels - 0.99, 0.9918 (50-DMA), 0.9931 (38.2% Fib retrace of 1.0345 to 0.9675 fall)

Recommendation: Good to go long on dips around 0.9835/45, SL: 0.9765, TP: 0.9860/ 0.99/ 0.9940

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

  • Market Data
Close

Welcome to EconoTimes

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