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Quick Technical Overview - Buy AUD against CAD: intra-day breakout with bullish reversal
by
, 03-22-2016 at 09:22 PM (1023 Views)
AUD/CAD: possible bullish breakout. Intra-day price is breaking Ichimoku cloud to above for the reversal of the price movement from the primary bearish to the primary bullish market condition with 0.9958 key reversal resistance level. Chinkou Span line is located near and below the price to be ready for the breakout, and Absolute Strength indicator is estimating the future trend as the ranging bullish.
There are the following news events which will be affected on AUD/CAD price movement for the week:
- 2016-03-22 20:00 GMT | [CAD - Annual Budget Release]
- 2016-03-23 14:30 GMT | [USD - Crude Oil Inventories]
- 2016-03-24 12:30 GMT | [USD - Core Durable Goods]
0.9958 0.9893 1.0001 0.9863
Tags:
audcad,
market condition,
technical analysis
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