SOME AUSTRALIAN TECHNICAL ANALYSIS
AUD/CAD possibility of trendless ?
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 0.97182 - 0.98931
RESISTANCE LEVELS: 0.92312 - 0.9410

PAIR ANALYSIS :
The AUD/CA is in a slightly bullish tone after a rebounce at the support line at 0.9410 as indicated in fig 1. The pair pattern analysis suggests the possibility possible bounce around the resistance line at around the key level price at 0.98931. The Linear Regression Slope around 0.0032 can be analyzed as slightly bullish tendency.The MFI and the Parabolic Sar can suggest the validity of the figure pattern and the indecision of the market. The chart analysis suggest the possibility of a sell lim pending order at 0.98931 with TP at 0.97132 and SL at 1.0082 . ( Fig 2)
A bearish crossing at 0.92312 can validate a significant bearish domination.
It can be evaluated a forecast level price at 0.97182.
FIGURE 1 shows the triangle formation
FIGURE 2 indicates the forecasting pattern
AUD/CHF Slightly bullish
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LE
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