FxWirePro: AUD/CAD extends 5-DMA break, eyes 20-DMA at 0.9742, stay long

• AUD/CAD edges higher, is extending break above 5-DMA at 0.9683, bias higher.
   
• The pair is trading 0.10% higher on the day we see scope for further upside as long as 5-DMA support holds.
   
• Technical indicators are turning, Stochs and RSI have shown a rollover from oversold levels and rising.
   
• We evidence MACD is on verge of a bullish crossover on signal line.
   
• 20-DMA at 0.9742 is strong resistance and only violation there could see further upside.

Call update: We had advised a long in our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-Trade-Idea-1024326) which is progressing well.

Recommendation: Hold for upside.

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