AUD/CAD edges lower from 0.9671, intraday bias lower. The pair has broken minor trendline support and slipped below 20-SMA on the hourly charts. Technicals support downside, Stochs and RSI on hourly charts are biased lower, MACD has slipped below zero which shows further downside. Standard & Poor’s in its latest note published on Monday has warned of that they...
Hello Traders, Here I am attempting to define points 4 and 5(5') in this prospective Geometry'. My target for point 4(T1) is at 0.94126. Once this target is reached, I will be looking for a completion of an AB=CD pattern at 0.96754(T2). This will in turn prompt a reversal to 0.94126. Depending on when the target is hit, we will either get a target at Geo's...
Sell the breakout at 23.60% (0.95325)
Needs to break B point to activate fully. Notes on chart
Keeping an eye on this strong support area on AUDCAD We could have a breakdown of this area or a bounce upwards. I'm looking for price action to confirm the direction of the market. If we can get a strong close below the 0.94350 area (a BEOB) I would hold a bearish bias; if we were to see a pin bar or BUOB I would hold a bullish bias.
AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday. Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA). Major resistance is seen at 0.9542 (trendline), bearish invalidation only on break above. Techs on 2H charts support downside. Break below 0.9455 could see test of 0.9385...
possible short opportunity, awaiting MACD and VI confirmation for entry.
Looks like AUDCAD is about to break of this ending diagonal in 4H chart. There is also MACD divergence confirming it.There may be a last move to the lows so be careful and wait for it to consolidate above the trendline before buying.I'm targetting 0.9900 area
"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
Read text written in the chart.
On the smaller time frame (1H) we can see PA is bouncing inside a channel. It looks like it wants to drop, after the break of the smaller trend line I am opening a short position.
AUD/CAD trades with a downward bias. Momentum studies on dailies are bearish. The pair is currently holding above strong trendline support at 0.9418, weakness to resume on breaks below. Next strong support aligns at 0.9368 (78.6% Fib retrace of 0.9150 to 1.0169) ahead of 0.9360 (May 13th lows). Longer term bias is bearish, breaks below 0.9368 (78.6% Fib) could...
AUD/CAD is extending recovery from 6-month lows at 0.9453 hit post RBA surprise cut. The pair has cleared 61.8% Fib retrace of the Sept-Dec rally at 0.9539 and is currently trading at 0.9620 levels. Canada's trade deficit in March widened to a record C$3.41 billion ($2.69 billion) as exports sank for a second month, Statistics Canada said on Wednesday. Daily...