AUD/CAD struggles to close below 50-day MA, long dips
AUD/CAD finds major support by 50-DMA currently at 0.9830, pair struggles to close below.
Momentum for the pair has turned bullish. RSI is at 50 and biased north.
Stochs show bullish crossover from oversold territory.
Major support below 50-DMA lies at 0.9816 (38.2% Fib), we see weakness only on break below.
Upside finds major hurdle at 0.9905 (20-DMA), break above targets 0.9933 (23.6% Fib).
Good to go long on dips, SL: 0.98, TP: 0.99/ 0.9925
Momentum for the pair has turned bullish. RSI is at 50 and biased north.
Stochs show bullish crossover from oversold territory.
Major support below 50-DMA lies at 0.9816 (38.2% Fib), we see weakness only on break below.
Upside finds major hurdle at 0.9905 (20-DMA), break above targets 0.9933 (23.6% Fib).
Good to go long on dips, SL: 0.98, TP: 0.99/ 0.9925