OANDA:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD is currently trading around the 0.91 regions after it found support in early December at the 0.897 level. This has been an increase of the price of about 1.5%, but it has been unable to push past the resistance zone of 0.913. On the 4hr time frame, the RSI indicators are currently in overbought levels of 95.3 which indicates that the buying pressure may have faded at this level. The initial target of trade is at the 0.906 level, proceeding this is the support area of 0.897 support area.

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