Today we will analyze the currency pair Australian Dollar Canadian Dollar (AUDCAD) for internet stock trading in the FOREX stock market,
Stock Technical indicators to notice in Australian Dollar Canadian Dollar (AUDCAD)
1- Last bearish trend was from 1.06 $ (10/27/2011) to 1.01 $ (11/23/2011) a 0.05 $ move 2- The current bullish trend started from 1.01 $ at 11/23/2011 and is currently trading at 1.07 $.
3- AUDCAD current support level is at 1.06 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
4- AUDCAD current resistance level is at 1.08 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Australian Dollar Canadian Dollar (AUDCAD) Short term stock chart patterns for internet stock trading :

6- the currency pair was supported by a support line, identified by two points: 1.014 and 1.001, and is currently supporting at 1.029.
Australian Dollar Canadian Dollar (AUDCAD) Mid term stock chart patterns for internet stock trading :

7- the currency pair was supported by a support line, identified by two points: 0.859 and 0.781, and is currently supporting at 0.950.
Australian Dollar Canadian Dollar (AUDCAD) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Australian Dollar Canadian Dollar (AUDCAD) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 1.08, 1.09.
Stock Support levels : 1.06, 1.06, 1.05, 1.04, 1.04, 1.04, 1.04, 1.03, 1.03, 1.03, 1.01,.