Friday, 21 November 2014

AUD-CAD Forex Technical Report


Daily Technical Report

Pivot Points


S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD 1.2429 1.2466 1.2502 1.2539 1.2575 1.2612 1.2648
GBP/USD 1.5530 1.5580 1.5637 1.5687 1.5744 1.5794 1.5851
USD/JPY 116.38 117.05 117.63 118.30 118.88 119.55 120.13
USD/CHF 0.9498 0.9524 0.9555 0.9581 0.9612 0.9638 0.9669
AUD/USD 0.8494 0.8529 0.8573 0.8608 0.8652 0.8687 0.8731
EUR/GBP 0.7905 0.7937 0.7964 0.7996 0.8023 0.8055 0.8082
USD/CAD 1.1186 1.1237 1.1268 1.1319 1.1350 1.1401 1.1432
NZD/USD 0.7745 0.7775 0.7823 0.7853 0.7901 0.7931 0.7979


Today's Chart: AUD/CAD ( HOURLY )

Technical Chart

SUMMARY:
AUD/CAD is in consolidating phase, in its hourly chart prices are not sustaining at lower levels & consolidating with a positive bias. If AUD/CAD breaks the level of 0.9780 & sustains above it then, can come up to the levels of 0. 9820 in today's session. Prices are taking support of 30 DMA & can come up to test 200 DMA. RSI & Stochastic is also supporting the buying for intraday positions.

STRATEGY :- AUD/CAD is looking strong on charts. Indicators are also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions