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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Forex signals | EURJPY

The primary trend of EUR/JPY is bearish, prices are successfully sustaining at the lower levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 131.35 Today if the pair breaks 131.35 & managed to sustain below it, then we can expect it to continue its ongoing trend & test the level of 131.00 in today's session. RSI is also sustaining in selling territory supporting downside movement in the pair.

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STRATEGY :- EUR/JPY is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.