AUD/CAD - Consolidating With A Positive Bias

SUMMARY:

AUD/CAD is in consolidating section, in its hourly chart costs don't seem to be sustaining at lower levels & consolidating with a positive bias. If AUD/CAD breaks the amount of 0.9780 & sustains on top of it then, will come back up to the amount of 0. 9820 in today's session. costs square measure taking support of 30 DMA & will come back up to check 200 DMA. RSI & random is additionally supporting the buying for intraday positions.

Today's Chart: AUD/CAD ( HOURLY )

STRATERGY :- 

AUD/CAD is trying robust on charts. Indicators also are supporting constant. One will opt for obtain on dips strategy for this combine for intra day to middle term positions

Pivot Points 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2429	1.2466	1.2502	1.2539	1.2575	1.2612	1.2648
GBP/USD	1.5530	1.5580	1.5637	1.5687	1.5744	1.5794	1.5851
USD/JPY	116.38	117.05	117.63	118.30	118.88	119.55	120.13
USD/CHF	0.9498	0.9524	0.9555	0.9581	0.9612	0.9638	0.9669
AUD/USD	0.8494	0.8529	0.8573	0.8608	0.8652	0.8687	0.8731
EUR/GBP	0.7905	0.7937	0.7964	0.7996	0.8023	0.8055	0.8082
USD/CAD	1.1186	1.1237	1.1268	1.1319	1.1350	1.1401	1.1432
NZD/USD	0.7745	0.7775	0.7823	0.7853	0.7901	0.7931	0.7979

 

TODAY’S ECONOMIC EVENTS 

Date FRI NOV 21 2014	Time (GMT)	Currency	Economic Data	Forecast	Previous
	08:00:00	EUR	ECB President Draghi Speaks
	9:00am	GBP	Public Sector Net Borrowing	6.9B	11.1B
	10:15am	EUR	German Buba President Weidmann Speaks
	1:30pm	CAD	Core CPI m/m	0.2%	0.2%
		CAD	CPI m/m	-0.3%	0.1%
	7:45pm	GBP	MPC Member Miles Speaks

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