AUD/CAD is witnessing a sell - on rally from 0.9090 level. It has recently made an attempt to pierce through an uptrend line prevelant since 30th August in 4 hours chart. The decline in the pair is in accordance with the RSI that has already indicated a short spree in the pair at 53.90 level. Furthermore, the pair has also formed a head and shoulder chart pattern in the hourly chart that again supports the selling in the pair.
Thus, a sell in AUD/CAD is preferred at 0.9050 Trade Information : Sell- 0.9050 Target- 0.9008 SL- 0.9086