The overall trend of AUD/CAD is sideways, but from the last few days prices are not sustaining at lower levels and consolidating with a strong positive bias. In its 4 hourly chart the pair is taking support 200 and 30 DMA, indicating the strength for the northward journey. If AUD/CAD crosses the level of 0.9812 it can come up to the levels of 0.9880/0.9930 in today’s trading session.
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INDICATORS:-RSI is sustaining in buying territory supporting the
upcoming bullish trend in the pair.
MACD line has crossed the zero line , indicating the up
trend in the market.
STRATEGY:-
AUD/CAD
is sustaining on higher levels & looking bullish on charts. One
can go for buy on dips strategy for this pair for intra day to mid
term positions.
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