AUD/CAD 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The overall outlook on AUD/CAD is bullish. The currency pair is trading in a high-quality ascending channel and above the 200-period SMA. At the same time, the daily and weekly technical indicators are largely pointing upwards. Moreover, most of the open positions are short, meaning the Aussie is oversold and a substantial increase in supply is unlikely.

However, in the near term the risks are considered to be skewed to the downside, being that the exchange rate is approaching the upper trend-line of the pattern. During this week the price is expected to turn around between the January high and monthly R3 and complete a downward correction.
© Dukascopy Bank SA
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Tue, 22 Dec 2015 07:58:04 GMT

USD/CAD 4H Chart: Channel Up

After hitting a solid resistance level 1.40 the currency pair has entered a consolidation phase, but the lower boundary of the recently formed channel remains intact. Accordingly, our bias towards the US Dollar is positive, and there should soon be a rebound from the rising support line at 1.3916. Once and if the obstacle at 1.40 is out of the

Mon, 21 Dec 2015 14:52:04 GMT

USD/CHF 4H Chart: Channel Up

Dollar/Franc is at risk of failing to rebound, considering a tough supply ahead of the spot price. One of the first major resistances is represented by the monthly S1 at 0.9975, followed by the parity level 1.00. On top of that, the 100-period moving average line has just recently penetrated the 200-period SMA, meaning the bias is skewed to the

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