For a week or two now i have been calling AUD/CAD to 0.8600 , well we are almost there and things are looking pretty good as we approach the 200 day MA which comes in at 0.8610ish. I think we could see a push through to test the highs in early Jan in the 0.8680/00 region. Above 0.8700 targets 0.8790.

Raise your stops on longs to 0.8380 for now, and look to add to longs on dips to 0.8450.

audcad-hourly-20-mar-09