USD/CAD 4-hour: Falling.
Invest Diva positioning: Short positions below 1.2524 with targets at 1.2378 and 1.2090 in extension.
Technical reasons why: The pair is moving down with a strong bearish candle stick below the Ichimoku’s cloud. The RSI is below the neutrality area.
Alternative Scenario: Above 1.2524 look for further upside with 1.2630 and 1.2779.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2378 | 1.2524 | 1.2779 |
| 1.2090 | 1.2630 |
AUD/USD 4-hour: Moving along the Ichimoku’s cloud.
Invest Diva positioning: No positions.
Technical reasons why: The pair is consolidating around the pivot level at 23% Fibonacci level and the Ichimoku’s cloud. The RSI is at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7648 | 0.7790 | 0.7048 |
| 0.7457 | 0.7877 |
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.
