AUDCAD Technical Analysis: Weekly Chart

In the weekly charts, AUDCAD was trading in down channel. AUDCAD is currently trading below all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.8916 & the resistance level is at 0.9048.

AUDCAD was trading in down channel before there is breakout upside.

AUDCAD Technical Analysis: Daily Chart

In the daily charts, AUDCAD is trading in an up channel. AUDCAD is currently trading below 100 days SMA & above 20 and 50 days SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 0.8937 & the resistance level is at 0.9010.

AUDCAD will trade in an up channel until there is trend reversal.  

How to Trade AUDCAD this Week:

AUDCAD will follow the uptrend until their trend reversal. So, remain bullish on AUDCAD.

TRADE SUGGESTION- BUY AT 0.8985, TAKE PROFIT AT 0.9010 AND STOP LOSS AT 0.8937