FxWirePro: Bullish RSI divergence on AUD/CAD, good to go long on dips

• AUD/CAD fails to close above 200-DMA, remains capped below 5-DMA at 0.9826.
   
• We see bullish RSI divergence on daily charts.
   
• The pair finds strong support at 0.9750 (trendline), bullish invalidation only on break below.
   
• Support levels - 0.9836 (5-DMA), 0.98 (trendline), 0.9760 (trendline), 0.9730 (July 21 low)
   
• Resistance levels - 0.9885 (Dec 14 high), 0.99, 0.9910 (23.6% Fib), 0.9912 (20-DMA)
   

Recommendation: We would recommend going long on dips around 0.9790, SL: 0.9745, TP: 09840/ 0.9910/ 0.9940
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FxWirePro's Hourly AUD Spot Index was at -26.4363 (Neutral), while Hourly CAD Spot Index was at -0.282133 (Neutral) at 1010 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.