Today we will analyze the currency pair Canadian Dollar Australian Dollar (CADAUD) for internet stock trading in the FOREX stock market,
Stock Technical indicators to notice in Canadian Dollar Australian Dollar (CADAUD)
1- Last bullish trend was from 0.94 $ (10/27/2011) to 0.99 $ (11/23/2011) a 0.04 $ move 2- The current bearish trend started from 0.99 $ at 11/23/2011 and is currently trading at 0.93 $.
3- CADAUD current support level is at 0.93 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
4- CADAUD current resistance level is at 0.94 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Canadian Dollar Australian Dollar (CADAUD) Short term stock chart patterns for internet stock trading :

6- the currency pair traded in a bearish stock channel identifed by support at 0.940 and 0.952,resistance between 0.985 and 0.998, the stock channel is currently supported from below by 0.919 and resisted from above by 0.970.
Canadian Dollar Australian Dollar (CADAUD) Mid term stock chart patterns for internet stock trading :

7- the currency pair was resisted by a resistance line, identified by two points: 1.164 and 1.282, and is currently resisting at 1.025.
Canadian Dollar Australian Dollar (CADAUD) Long term stock chart patterns for internet stock trading :

None.

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

Stock Resistance Levels : 0.940, 0.946, 0.953, 0.958, 0.959, 0.963, 0.966, 0.968, 0.975, 0.985, 1.025.
Stock Support levels : 0.928,.