AUD/CAD may rise 33 - 49 pips.
AUD/CAD may rise 33 - 49 pips.
Our pivot point is at 0.9572.
Our preference : Our next up target stands at 0.9665 Alternative scenario Below 0.9572, expect 0.9546 and 0.9530.
Comment : The RSI is above its neutrality area at 50.
The MACD is above its signal line and negative.
The MACD must break above its zero level to trigger further gains.
Moreover, the price is above its 20 and 50 period moving average (respectively at 0.9595 and 0.9609).