FxWirePro
Long

AUD/CAD struggles to close below 50-day MA, long dips

FX:AUDCAD   Australian Dollar/Canadian Dollar
101 1 12
AUD/CAD             finds major support by 50-DMA currently at 0.9830, pair struggles to close below.

Momentum for the pair has turned bullish . RSI is at 50 and biased north.

Stochs show bullish crossover from oversold territory.

Major support below 50-DMA lies at 0.9816 (38.2% Fib), we see weakness only on break below.

Upside finds major hurdle at 0.9905 (20-DMA), break above targets 0.9933 (23.6% Fib).

Good to go long on dips, SL: 0.98, TP: 0.99/ 0.9925
OrangeTrader93
3 months ago
Most everyone is calling for it to go higher...it's just waiting for it to happen.
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