{"id":58052,"date":"2011-05-03T12:44:35","date_gmt":"2011-05-03T02:44:35","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/05\/03\/cad-to-catch-up-on-aud\/"},"modified":"2017-01-30T04:02:01","modified_gmt":"2017-01-29T17:02:01","slug":"cad-to-catch-up-on-aud","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/05\/03\/cad-to-catch-up-on-aud\/","title":{"rendered":"CAD To Catch Up On AUD"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/CADUSD_Wizard.jpg\" style=\"width: 670px;height: 386px\" \/><\/p>\n<p>\n\tThere simply does not look a reversal on the cards for the US dollar, reports the TechWizard. As such, he believes USD\/CAD will be catching up with AUD\/USD shortly with the strengthening Canadian dollar anticipated to push USD\/CAD to 0.9449. If this occurs, it would mark the third test in three weeks of what the TechWizard describes as a &quot;key support level&quot; for the cross.<\/p>\n<p>\n\tGiven his favourite indicator, the MACD, remains negative for USD\/CAD the Wizard is of the view that a third test will prove one too many and USD\/CAD should thus be expected to see price action move to lower levels.<\/p>\n<p>\n\tThe Wizard reports a close below 0.9440 should see the next target at 0.9050 come into play.<\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard&#039;s, not FNArena&#039;s (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we <span>ap<em>ologise<\/em><\/span><em>, but technical limitations are to blame.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard predicts the Canadian dollar will play catch up with the AUD against the USD.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58052"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=58052"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58052\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}