The AUDCAD leans on the moving average– Analysis –12-4-2019

The AUDCAD price ended its negative rebound by facing the moving average 55, to form an extra support at 0.9520, and its stability increases the chances for renewing the bullish attack in the near period, gaining a new positive momentum will ease the rally mission towards 0.9545, which forms the initial positive target reaching to the previously achieved top at 0.9565.

We should mention that the price attempt to reach below the current support and providing a negative close will delay the bullish overview until forming a new bearish correctional trading, to reach 0.9506 and 0.9485.

The expected trading range for today is between 0.9520 and 0.9545

The expected trend for today: Bullish