AUD/CAD chart on Trading View used for analysis
- AUD/CAD is trading 0.20% higher on the day at 0.9586 at the time of writing.
- The pair has bounced off 23.6% Fib support on Friday's trade and has edged above 5-DMA.
- We see a Doji formation at 23.6% Fib support which raises scope for further upside.
- The pair is in a near-term bull trend and breakout at 200-DMA could see further upside.
- On the flipside, 20-DMA is strong support and break below will see further weakness.
- Focus now on Australia Capex data for further impetus. Markets expect a +1.0% q/q rise for Australia’s Q3 real private capital expenditure (capex).
Support levels - 0.9532 (23.6% Fib), 0.9522 (20-DMA), 0.9450 (38.2% Fib)
Resistance levels - 0.9651 (200-DMA), 0.9664 (Nov 21 high), 0.97
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
China’s Growth Faces Structural Challenges Amid Doubts Over Data
FxWirePro- Major Crypto levels and bias summary
Wall Street Analysts Weigh in on Latest NFP Data
FxWirePro- Major Pair levels and bias summary
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
US Gas Market Poised for Supercycle: Bernstein Analysts
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 



