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Divergence on 1H AUD/CAD, short rallies
Australian Dollar/Canadian Dollar
Short
Divergence on 1H AUD/CAD, short rallies
By FxWirePro
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Updated
Nov 12, 2016
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Nov 10, 2016
AUD/CAD finds major resistance at 1.0350 levels. Breakout above could see further upside.
We see divergence on hourly charts.
Short rallies around 1.0315, SL: 1.0350, Target 1.0245/ 1.02/ 1.0187
Nov 12, 2016
Comment
Stopped out...unanticipated spike on Thursday....all targets hit nevertheless...
Closed above 20-DMA 1.0195, after hitting lows of 1.0184.
20-DMA violation will see further drag...will wait for the opportunity...
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AUD/CAD meduim-term target: 1.0350
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