AUD/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Australian Dollar entered a channel up pattern on June 27 against the Canadian Dollar. At the moment, the currency exchange rate is moving north to the patterns upper trend line around 0.9700. There are no other resistances on the pair's movement up to that level, as the closes other resistance cluster consisting of the weekly and monthly first resistances is near the level of 0.9810. However, the Loonie broke a resistance cluster from 0.9633 to 0.9662, which consists of 55, 100 and 200-hour SMAs and the weekly pivot point. In support of a surge is the SWFX trader sentiment, as 61% of all open positions are short, which is close to marking the pair as oversold.
© Dukascopy Bank SA
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Fri, 01 Jul 2016 11:31:12 GMT

AUD/JPY 1H Chart: Channel Up

As the Australian Dollar strengthens against other currencies, it has also formed a channel up pattern against the Japanese Yen. The currency exchange rate rebounded against the patterns lower trend line around 8:00 GMT at 76.50, and at the moment it is trading at 76.71. The upper trend line is located at 77.60, and the pair's way to it is

Fri, 01 Jul 2016 06:18:13 GMT

NZD/CAD 4H Chart: Channel Up

NZD/CAD has been bullish since the end of May, and we expect the Kiwi to gain some 2% more before the bears take over. The pair has just confirmed the lower bound of the ascending channel, meaning it should rebound from 0.92. The positive outlook is also implied by the technical indicators. The rally, however, is highly unlikely to be

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