Mon, 04 Jan 2016 14:17:07 GMT
AUD/CAD 1H Chart: Rising Wedge
After confirming the rising wedge pattern, AUD/CAD is expected to begin with a new down-leg. By piercing through the 1.01 area, this currency pair managed to erode the weekly pivot point and 200-hour SMA, meaning the bears are strong enough, in order to push the Australian Dollar further to the south. The closest reliable support is placed within 15 pips