AUD/CAD Trading Central: 0.966 is our pivot point.
Our preference: the upside prevails as long as 0.966 is support.
Alternative scenario: below 0.966, expect 0.963 and 0.962.
Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.9621 and 0.9592).
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