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FxWirePro: AUD/CAD hits fresh 2016 highs at 1.0157, bias higher, stay long

AUD/CAD has hit fresh 2016 highs at 1.0157 on Tuesday's trade, bias remains higher. The pair has broken major trendline resistance at 1.00 on the weekly charts. Weekly 200 MA at 0.9835 is strong support on the downside, …

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EconoTimes — Reading the Times. Understanding the Future.

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Recommendation: Book partial profits, stay long for targets: 1.0169/ 1.02/ 1.0350
 

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Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560