• FxWirePro: AUD/CAD near-term outlook

    المصدر: FxWire Pro - Technicals / 04 يونيو 2019 02:27:04   America/New_York

    AUD/CAD chart - Trading View 

    AUD/CAD pauses upside at 0.94 handle, bias remains bullish.

    The pair is extending recovery from multi-month lows at 0.9201.

    Technical studies are biased higher. Momentum with the bulls. Stochs and RSI are sharply higher.

    MACD is showing a bullish crossover on signal line. GMMA indicator has shown a shift in trend on the 4 hourly charts.

    Price action has bounced off with a Doji formation on the 4H charts. Break above 4H 200-SMA will see further gains.

    Price action has broken above 21-EMA, consolidates below 55-EMA at 0.9402. Next major bull target lies at 200-DMA at 0.9450. 

    21-EMA is strong support at 0.9352. Break below will see weakness till lower BB at 0.9217.

    For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
     

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