FxWirePro: AUD/CAD pivotal around 200-DMA at 0.98, weakness only on break below

12 September 2016, 11:21
Eko Rediantoro
0
14
  • AUD/CAD is hovering around 20-DMA at 0.9844, finds major support by 200-DMA at 0.98.
     
  • Techs are bearishly inclined, but weakness only below 200-DMA.
     
  • Major support levels - 0.9816 (38.2% Fib), 0.98 (200-DMA), 0.9761 (Aug 19 low)
     
  • Major resistance levels - 0.9844 (20-DMA), 0.9866 (50-DMA), 0.99, 0.9916 (July 28 high)

Recommendation: Go short on break below 0.98, SL: 0.9850, TP: 0.9760/ 0.9730/ 0.97

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