AUDCAD has been steadily rising after finding the bottom near 0.9800. Pair broke above the ascending channel, corrected down and today rejected the 50 Moving Average suggesting a continuation of an uptrend.
Consider buying AUDCAD on small corrective waves down towards 50% Fibs (0.9975), targeting either 23.6% (1.0060) or 0% (1.0140) Fibs applied to the channel breakout point. The stop loss should be just below the 61.8% Fibs (0.9935)
Support: 0.9935
Resistance: 1.0015, 1.0060, 1.0140
From www.instaforex.com http://ift.tt/2cJDhca
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