AUD/CAD chart - Trading View
AUD/CAD pauses upside at 0.94 handle, bias remains bullish.
The pair is extending recovery from multi-month lows at 0.9201.
Technical studies are biased higher. Momentum with the bulls. Stochs and RSI are sharply higher.
MACD is showing a bullish crossover on signal line. GMMA indicator has shown a shift in trend on the 4 hourly charts.
Price action has bounced off with a Doji formation on the 4H charts. Break above 4H 200-SMA will see further gains.
Price action has broken above 21-EMA, consolidates below 55-EMA at 0.9402. Next major bull target lies at 200-DMA at 0.9450.
21-EMA is strong support at 0.9352. Break below will see weakness till lower BB at 0.9217.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
