AUD/CAD – AUD/CAD has spent that past week trading [primarily between .8500 (4/25 high) and .8390 (4/20 and 4/21 lows). Yesterday, the pair traded off of a long term trendline at .8500 dating to May 2005. Daily oscillators are neutral / slightly bearish with 14 day stochastic declining below 80 and MACD histogram declining two day sin a row. The hourly shows that the pair is trading in an ascending triangle with the upper flat line at 85.00 and the ascending supporting line at around .8415. A break below the short term trendline targets the 4/20 low at .8387. Strength above the upper flat line at .8500 exposes the 3/9 high at .8551.