{"id":15877,"date":"2010-11-25T08:33:12","date_gmt":"2010-11-25T13:33:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15877"},"modified":"2010-11-25T08:33:12","modified_gmt":"2010-11-25T13:33:12","slug":"aud-may-see-a-much-needed-recovery-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/25\/aud-may-see-a-much-needed-recovery-today\/","title":{"rendered":"AUD May See a Much Needed Recovery Today"},"content":{"rendered":"<p><strong>By Natalie R.<\/strong> &#8211; Following a bearish streak versus the CAD over the past few days, the  AUD seems to be in the middle of a bullish correction. Forex traders  are advised to take advantage of this knowledge by going long on AUD\/CAD  now.<\/p>\n<p>Below is the 8 hour chart of EUR\/CAD. The technical indicators are the RSI\u00a0and the \u00a0Slow Stochastic<\/p>\n<p>&#8211;\u00a0A breach of the lower Bollinger Band is evident on the chart (1),  indicating the upward correction that has begun still has room to  continue.<br \/>\n&#8211;\u00a0A bullish cross is evident on the Slow Stochastic (2), signaling the next move may be an upward correction.<br \/>\n&#8211;\u00a0The RSI (3) signals that the price of this pair is currently floating in the oversold territory, suggesting upward pressure.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/audcad.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/audcad.JPG\" alt=\"\" width=\"590\" height=\"524\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                         may         not       be                    suitable             for             all                                     investors.                        There             is     a                                                                   possibility                         that                                  you                    could                              sustain  a           loss                  of       all                of                your                                                           investment        and                                                  therefore       you                                        should            not                             invest                              money           that              you                                         cannot                         afford   to                                 lose.          You                                     should             be                     aware             of                         all                  the                risks                                                associated                   with                       Foreign                                   Exchange                                      trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a bearish streak versus the CAD over the past few days, the AUD seems to be in the middle of a bullish correction. Forex traders are advised to take advantage of this knowledge by going long on AUD\/CAD now.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15877","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15877"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}