AUD/CAD finds stiff resistance at 20-DMA.
Stochs and RSI support upside.
We see bullish divergence on Stochs.
Focus on RBA Meeting Minutes along with the latest Australia Unemployment numbers for September.
5-DMA is immediate support at 0.9241, break below will see resumption of weakness.
Stay long above 20-DMA, SL: 0.9240, TP: 0.93/ 0.94
Stochs and RSI support upside.
We see bullish divergence on Stochs.
Focus on RBA Meeting Minutes along with the latest Australia Unemployment numbers for September.
5-DMA is immediate support at 0.9241, break below will see resumption of weakness.
Stay long above 20-DMA, SL: 0.9240, TP: 0.93/ 0.94
Major trend in the pair is bearish and break below 5-DMA with 'Inverted Hammer' at highs raises scope for weakness.
Dip till 0.91 mark likely.