23 Oct 2013
AUD/CAD strong above the 1.0020 zone; 20-week peaks
FXstreet.com (Chicago) - AUD/CAD was able to break through the 1.00 zone consolidating above the 1.0020 front ad registering 0.37% daily gains so far.
AUD/CAD Technical Levels
Technically speaking, the pair maintains rally above the 1.00 zone after rally breaking flat price action for hours. On Australian data releases, market participants favor the Aussie, stronger across the board. Offered at 1.0025, the pair oscillates between the supports aligned at 1.00 (October 22nd highs), 0.9963 (October 18th highs) followed by 0.9926 (October 17th highs) and the resistances set at 1.0069 (June 1st highs), 1.0117 (May 15th highs) followed by 1.0164 (May 4th highs).
AUD/CAD Technical Levels
Technically speaking, the pair maintains rally above the 1.00 zone after rally breaking flat price action for hours. On Australian data releases, market participants favor the Aussie, stronger across the board. Offered at 1.0025, the pair oscillates between the supports aligned at 1.00 (October 22nd highs), 0.9963 (October 18th highs) followed by 0.9926 (October 17th highs) and the resistances set at 1.0069 (June 1st highs), 1.0117 (May 15th highs) followed by 1.0164 (May 4th highs).