AUD/CAD has broken range trade and price action has slipped into the daily cloud, hit session lows at 0.9788.
Downside in the pair has found support by cloud base at 0.9787, breaks below will test next support at 0.97 (rising trendline).
Resistance on the upside is located at 0.9864 (5-DMA) ahead of 0.9884 (cloud top).
Recovery in crude oil prices likely to support the Loonie, while the main data event for the Aussie, CPI and PPI from China marginally missed expectations.
Momentum studies are bearish, 5-DMA bearish crossover on 10-DMA indicates near-term trend is lower.
Good to sell rallies around 0.9810/20, SL: 0.9860, target 0.9710
Downside in the pair has found support by cloud base at 0.9787, breaks below will test next support at 0.97 (rising trendline).
Resistance on the upside is located at 0.9864 (5-DMA) ahead of 0.9884 (cloud top).
Recovery in crude oil prices likely to support the Loonie, while the main data event for the Aussie, CPI and PPI from China marginally missed expectations.
Momentum studies are bearish, 5-DMA bearish crossover on 10-DMA indicates near-term trend is lower.
Good to sell rallies around 0.9810/20, SL: 0.9860, target 0.9710
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.