AUD/CAD looking to consolidate above 0.9900

AUD/CAD looking to consolidate above 0.9900

AUD/CAD saw a volatile action during Wednesday’s session, following the BoC’s interest rate decision to keep rates unchanged and as a result, the pair did a strong rebound above the Fibonacci retracement level of 65% at 0.9758. If the move continues to be alive in the short-term, the pair could be on its way to reach the -23.6% Fibo level at 0.9919.

RSI indicator remains in the positive territory.

AUDCADmH1.png

Similar

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera