AUD/CAD ST: above its upper Bollinger band
Our pivot point stands at 0.9825.
Our preference: the upside prevails as long as 0.9825 is support.
Alternative scenario: below 0.9825, expect 0.9662 and 0.9565.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.9827 and 0.9804). Finally, the AUD/CAD has crossed above its upper Bollinger band (0.9965).
Supports and resistances:
1.0474 **
1.0376 *
1.0279 **
1.0182
0.9968 last
0.9889
0.9825 **

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