Divergence on 1H AUD/CAD, short rallies

AUD/CAD finds major resistance at 1.0350 levels. Breakout above could see further upside.

We see divergence on hourly charts.

Short rallies around 1.0315, SL: 1.0350, Target 1.0245/ 1.02/ 1.0187

Kommentar:

Stopped out...unanticipated spike on Thursday....all targets hit nevertheless...

Closed above 20-DMA 1.0195, after hitting lows of 1.0184.

20-DMA violation will see further drag...will wait for the opportunity...