{"id":26505,"date":"2012-01-10T20:31:17","date_gmt":"2012-01-11T01:31:17","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=26505"},"modified":"2012-01-10T20:31:17","modified_gmt":"2012-01-11T01:31:17","slug":"audcad-daily-outlook-11-january","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/10\/audcad-daily-outlook-11-january\/","title":{"rendered":"AUD\/CAD Daily outlook \u2013 11 January"},"content":{"rendered":"

AUD\/CAD Daily outlook \u2013 11 January<\/strong><\/p>\n

The Asian and much of the European session saw the Aussie gaining ground against the CAD on Tuesday. Late trading in the\u00a0US\u00a0saw the CAD strengthening and taking back its earlier losses.<\/p>\n

\u00a0The daily charts formed a long tailed bearish pin bar rejecting the strong resistance level sitting at 1.0500. The chart below shows the strength of the resistance area.<\/p>\n

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\"audcaddailyoutlook11jan\"<\/p>\n

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With the bearish outlook from Tuesday\u2019s price action and the solid rejection of strong resistance we\u2019ll be looking to short the pair with initial targets at 1.0420 and a stop just above yesterdays highs. Should we not see the bearish momentum we\u2019re expecting and a push higher the next relevant area of resistance sits at 1.0664 which is the markets most recent highs.<\/p>\n

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\"audcaddailyoutlook11jantarget\"<\/p>\n

\u00a0Article by vantage-fx.com<\/strong><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

AUD\/CAD Daily outlook \u2013 11 January The Asian and much of the European session saw the Aussie gaining ground against the CAD on Tuesday. Late trading in the\u00a0US\u00a0saw the CAD strengthening and taking back its earlier losses. \u00a0The daily charts formed a long tailed bearish pin bar rejecting the strong resistance level sitting at 1.0500. … <\/p>\n

Continue reading “AUD\/CAD Daily outlook \u2013 11 January”<\/span><\/a><\/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-26505","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26505","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=26505"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26505\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}