NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
AUD/CAD reversed from support zone
- AUD/CAD reversed from support zone
- Next buy target - 0.9810
AUD/CAD today reversed up sharply from the support zone surrounding the powerful support level 0.9710. This support level has been reversing the price from July, as can be seen below. The support zone near the support level 0.9710 was strengthened by the lower daily Bollinger Band. If the pair closes today near the current levels it will then from the daily Bullish Engulfing. Given the oversold daily Stochastic - AUD/CAD is expected to rise to the next buy target at the next resistance level 0.9810.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…