28 Oct 2013
AUD/CAD reaches 1.0024 5-month peaks
FXstreet.com (Chicago) - AUD/CAD continues consolidating the 1.0020 front after confirming the bullish rally that started last July 25th. Later today, market participants wait for RBA’s governor Stevens speech.
AUD/CAD Technical Levels
Price action reveals the pair extends the strong bullish channel from last July 25th (lows) printing higher highs and lows and reaching 5-month highs. Offered at 1.0019, the pair navigates between the supports aligned at 0.9963 (October 19th highs), 0.9896 (October 16th highs) ahead of 0.9855 (October 10th highs) and the resistances aligned at 1.0029 (October 23rd highs), 1.0071 (May 12th highs) followed by 1.0157 (October 17th 2012 lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
AUD/CAD Technical Levels
Price action reveals the pair extends the strong bullish channel from last July 25th (lows) printing higher highs and lows and reaching 5-month highs. Offered at 1.0019, the pair navigates between the supports aligned at 0.9963 (October 19th highs), 0.9896 (October 16th highs) ahead of 0.9855 (October 10th highs) and the resistances aligned at 1.0029 (October 23rd highs), 1.0071 (May 12th highs) followed by 1.0157 (October 17th 2012 lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.