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