CitiFX Techs: AUD/CAD rally can continue

  • AUDCAD is in line to post a double bottom off long-term supports around 0.94 with a close above the neckline at 0.9637 (which converges with the 200 day moving average). If confirmed as we expect, the double bottom will target around 0.9875. 
  • Such a development would actually take AUDCAD through the neckline (0.9748) of an even larger double top which would then target around 1.01 (in line with the 2015 high)

AUDCAD

The post CitiFX Techs: AUD/CAD rally can continue appeared first on www.forextell.com.

Leave a Reply