AUD/CAD 4H Chart: Trading between SMAs - Trade Pattern Ideas - Dukascopy Bank
Thu, 10 Oct 2019 06:14:43 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Sell
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇒
⇘
The Aussie has been appreciating against the Canadian Dollar since the beginning of October after the exchange rate reversed north from a support level formed by the monthly S1 at 0.8858. The pair is currently trading between the 50-, 100- and 200-period SMAs.
Everything being equal, some potential upside movement could prevail in the nearest future. Bulls might pressure the AUD/CAD pair towards the resistance cluster at 0.9083.
However, the currency exchange rate needs to surpass the 200– period SMA and the monthly PP at 0.9003. If the resistance cluster holds, the currency pair might make a brief retracement down during the following trading sessions.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.