audcad-hourly-12-mar09

The AUD/CAD achieved my initial target of 0.8350 overnight and has so far consolidated above that level for the most of this mornings trading as you can see from the hourly chart. The 0.8300 level should now provide decent initial support and as such i would leave my stop on longs at 0.8271 for now.

The daily chart continues to impress with the 0.8600/50 region my next target.