FxWirePro: AUD/CAD consolidates break above 61.8% Fib, good to go long on dips

• AUD/CAD is consolidating break above 61.8% Fib, bias higher.
   
• The pair is extending upside after breaking above major trendline resistance at 1.00.
   
• Technical indicators are biased higher. RSI shows strength at 68 levels.
   
• Bollinger bands are widening and Stochs are biased higher. Momentum is bullish.
   
• Next major resistance lies at 78.6% Fib at 1.0181. Break above 78.6% Fib raises scope for test of channel top at 1.0130.
   
• Bearish divergence on Stochs raises need for caution. That said, breakout at channel top could see further bullishness.
   
• On the downside, 5-DMA at 1.0037 is immediate support. Retrace below trendline resistance turned support at 0.9965 invalidates bullish bias.

Support levels - 1.0052 (61.8% Fib retrace of 1.0345 to 0.9579 fall), 1.0037 (5-DMA), 0.9965 (trendline)

Resistance levels - 1.0130 (channel top), 1.0181 (78.6% Fib), 1.02

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