AUDCAD difficult to read
AUDCAD has hit a weak resistance area and has turned south but with support coming in from the 200sma on H1 there's a fair chance we could move higher. Difficult chart this with TDI and RSI neutral and little in the way of solid support or resistance. A break above Friday's high opens the way for a move to test resistance at 1.0230 and WR1 resistance at 1.0260 above that.
Under the 200 sma oh H1 at 1.0132 suggest the BEARS are in control.
Trade idea
BUY above 1.0700
SELL below 1.0132
Under the 200 sma oh H1 at 1.0132 suggest the BEARS are in control.
Trade idea
BUY above 1.0700
SELL below 1.0132
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