FX.co ★ Trading signals for today - May 21 (AUD/CAD)

AUD / CAD pair

Today, a signal was generated in the purchase at the cross rate of AUD / CAD pair with the target of 0.9807.

The signal was formed when the Marlin oscillator emerged above the zero line. This indicator is leading and for such patterns as convergence/divergence and the intersection of the zero line creates primary signals for the opening of the position. In this case, the time of the line transition above zero coincided with the price turn from the level of 0.9597, which became support after the price exit the support zone 0.9550 / 97. The very level of 0.9597 is the minimum from May 2. The goal of the growth is the blue line of the digital MACD indicator at about 0.9807, the maximum from April 13 and stop-loss below .9645. If the price fixes above the MACD line, new rising targets will open up.