Tag Archives: AUD/CAD
Global Technical Watch – Quick Charts (Sep 5)
The US dollar is catching a near term bid and for this to turn broad based, we prefer to see the US dollar index above one month trendline resistance and the Asia dollar index below 115.00. Until then, the bounce is likely corrective.
FX Trends daily (FOCUS : AUD/CAD)
AUD/CAD After a consolidation in the recent sessions, the cross held above a support at 1,0414 (support line linkink May & July 2012 low pivots). This support now stands at 1,0427 and above this level, a return to the recent high at 1,0519 is exopected.
Short AUD/CAD and a little EUR/USD too…
AUD trader sitting short AUD/CAD at mom…tgt 1.0100 (100 DMA) And eyeing up the 0.9730 support in USD/CAD….. Tgt 1.0380 in AUD$ Feels AUD was supported by EUR/AUD selling yday post Trichet