Wed, 19 Nov 2014 08:12:13 GMT
AUD/CAD 1H Chart: Falling Wedge
It seems that depreciation of the Australian dollar versus its Canadian counterpart is likely to continue for a long period of time. Trading inside the falling wedge, Aussie is approaching the lower boundary of the pattern at the moment. However, there is a high chance that this support line, strengthened by weekly S1 at 0.9793, will be eventually breached to