AUD/CAD sustaining on higher levels

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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AUD/CAD Trend

Australian Dollar Vs Canadian Dollar

The major trend of AUD/CAD is sideways, but from last few days prices are trading in consolidation only. In its hourly chart prices are near the support and If the pair breaks the support of 0.9652 then we can expect it to test the level of     0.9620 in today's session. 

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STRATEGY:-For Today AUD/CAD is looking weak on chart. We can expect negative movement for few upcoming session. One can go for sell on rise strategy for this pair for intra day positions.

                                               Technical Report

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1377	1.1383	1.1390	1.1396	1.1403	1.1409	1.1416
GBP/USD	1.5356	1.5375	1.5389	1.5408	1.5422	1.5441	1.5455
USD/JPY	118.15	118.30	118.47	118.62	118.78	118.94	119.10
USD/CHF	0.9298	0.9306	0.9312	0.9320	0.9326	0.9334	0.9340
AUD/USD	0.7736	0.7747	0.7756	0.7767	0.7776	0.7787	0.7796
EUR/GBP	0.7376	0.7382	0.7391	0.7397	0.7406	0.7412	0.7421
USD/CAD	1.2429	1.2436	1.2445	1.2452	1.2461	1.2468	1.2477
NZD/USD	0.7454	0.7462	0.7470	0.7478	0.7486	0.7494	0.7502