CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


SUPPORT LEVELS : 0.998



RESISTANCE LEVELS: 0.97031


PAIR ANALYSIS :


The AUD/CAD is in slightly bearish tendency after a rebounce at the support zone as indicated in fig 2. The pair pattern suggests a possible retracement around the support line in a the 0.99 price level. The Linear Regression Slope around - 0.002 can be analyzed as slightly bearish 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 bearish behavior with as objective around the SMA 200. The MFI and the Parabolic Sar analysis can be considered in a trendless tendency.
A bearish crossing at 0.9701 can validate a significant bearish domination. The analysis suggests the possibility to open a sell position at 1.002 with TP at 0.98 and SL at 1.0291 . It can be evaluated a forecast level price at 0.98507.


FIGURE 1 shows the trendlines



FIGURE 2 indicates the tendency


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