FxWirePro: 'Shooting star' formed on AUD/CAD daily charts, good to sell rallies

• AUD/CAD shows 'shooting star' formation on daily charts.
   
• We see scope for correction upto 20-DMA at 1.0078.
   
• Violation there could see test of major trendline support at 1.0030.
   
• Stochs have rolled over from overbought territory adding to bearish bias.
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-hits-new-2-year-highs-of-10177-bias-higher-361873) has achieved TP1&2.
   
• Major support levels - 1.0127 (10-DMA), 1.0078 (20-DMA), 1.0030 (rising trendline)
   
• Major resistance levels - 1.0173 (5-DMA), 1.02, 1.0214 (Oct 25 high)
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Recommendation: Good to short rallies around 1.0170, SL: 0.1220, TP: 1.0130/ 1.0100/ 1.0075/ 1.0030