AUD/CAD finds stiff resistance at 0.9545, good to sell rallies 做空

Australian Dollar/Canadian DollarFXCM

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⋅ Jun 8, 2016 7:41 AM

AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday.

Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA).

Major resistance is seen at 0.9542 (trendline), bearish invalidation only on break above.

Techs on 2H charts support downside. Break below 0.9455 could see test of 0.9385 levels.

Good to sell rallies around 0.9485/95, SL: 0.9545, TP: 0.9455/ 0.9430/ 0.9385

⋅ Jun 10, 2016 6:12 AM

Pair approaching TP2 @ 0.9430. Book partial profits.

AUD/CAD finds minor support at 0.9437 levels.

Downside for the pair still intact. Hold for TP3.

mahmoodnoori

⋅ Jun 8, 2016 7:46 AM

Thanks .

AUD/CAD finds stiff resistance at 0.9545, good to sell rallies 做空

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