FxWirePro
Long

Bullish Bat with RSI divergence on AUD/CAD, test of 0.96 likely

FX:AUDCAD   Australian Dollar/Canadian Dollar
6 months ago
"Bullish Bat" pattern completed on AUD/CAD             dailies.

Potential Reversal Zone: 0.9323

Bullish invalidation below: 0.9150

Target Price: 0.95/0.96/0.9775

Pair is currently struggling at 21-DMA at 0.9452, break above will see upside.

RSI divergence from price action see, supports gains.

Good to buy dips around 0.9420/30, SL: 0.9320, TP: 0.95/0.9575/0.96
6 months ago
Comment: Upbeat GDP data buoys Aussie bulls, AUD/CAD extends gains above 23.6% Fib, stay long.

Upbeat Australian GDP report boosts Aussies bulls. Australia’s Q1 GDP q/q came in at +1.1% versus +0.8% expected and from +0.7% prior (revised higher from +0.6%).

The latest GDP figures added to the recent streak of upbeat fundamentals, including Aus trade, jobs and building approvals data.

Stabilization in commodities market also lends support to the bullish momentum in the Aussie.

Target price 1 has been achieved. Recommend holding for further upside.
5 months ago
Comment: TP2 achieved.

AUD/CAD hit highs of 0.9587.

Book partial profits at highs. Pair is at oversold tagging upper BB on dailies.

Scope for upside remains. Bollinger bands are widening.

Hold for targets.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out