AUD/CAD Signal - April 12, 2013
The AUDCAD pair is currently drawing a double top on the 1.0710 level after a strong bullish movement. In terms of technical indicators, the RSI is marking a bearish divergence which confirms the hypothesis of a corrective movement on the pair. We also have a fake crossover on the MACD which is getting a little bit closer to its negative zone. Investors will be able to trade on a fall of the AUDCAD to target a return on the lower Bollinger band at 1.0550.
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