15 Oct 2013
AUD/CAD can’t go through strong 0.9861 limits
FXstreet.com (Chicago) - AUD/CAD extends parallel price action with slightly higher lows and highs after concluding retracement from 0.9861 session peaks.
AUD/CAD Technical Levels
Price action reveals upward directions in all trends and timeframes despite retracement from 0.9861 session highs also reached last week. The Aussie was favored by a neutral RBA tone. Technically speaking, the pair is offered at 0.9848 and oscillates between supports aligned at 0.98 (October 15th lows), 0.9769 (October 4th highs) ahead of 0.9716 (September 30th highs) and the resistances set at 0.9857 (October 10th highs), 0.9890 (May 31st lows) followed by 0.9921 (May 20th 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 upward directions in all trends and timeframes despite retracement from 0.9861 session highs also reached last week. The Aussie was favored by a neutral RBA tone. Technically speaking, the pair is offered at 0.9848 and oscillates between supports aligned at 0.98 (October 15th lows), 0.9769 (October 4th highs) ahead of 0.9716 (September 30th highs) and the resistances set at 0.9857 (October 10th highs), 0.9890 (May 31st lows) followed by 0.9921 (May 20th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.