AUDCAD is supported by 0.9440, and there's the pin bar which is the signal to reverse the trend. Additionally, it's supported by the up-trend line on RSI indicators. However, it's facing the strong resistance at 0.9480, the climbing motivation is limited.
The target is 0.9480.
Turning point: 0.9440.
Above 0.9440, bullish , target price is 0.9460,then 0.9480.
Under 0.9440, bearish , target price is set at 0.9415, then 0.9400.
Prior Strategy:
The target is 0.9480.
Turning point: 0.9440.
Above 0.9440, bullish , target price is 0.9460,then 0.9480.
Under 0.9440, bearish , target price is set at 0.9415, then 0.9400.
Prior Strategy:
Comment:
The target reached after the employment data released on today's morning. However, the report of WESTPAC is stirring the market. Crazy Aussie today.