AUDCAD looks interesting...

Whilst we have to be careful of thin trading coming into the extended US holiday, AUDCAD seems to be an interesting chart. As we can see price has put in a lower high after coming off a three touch resistance line from February highs. More interestingly we can see that each high has been relatively overbought as the MACD has triple topped whilst we have had three lower highs. We also have Stochastic and RSI divergence at Novembers recent high. How do we trade this? Well, we can trade off the lower high put in yesterday or wait for a trend to establish on lower timeframes and wait for pullbacks to intra-day levels of resistance. We have a 60% chance of a December rate cut in Australia, the move may have been initiated from the macro players last week.

Here's the chart: