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AUD/CAD chart - Trading View
AUD/CAD is trading 0.08% lower on the day at 0.9314 at 06:45 GMT, bias bearish.
The Canadian dollar remains buoyed on better than expected Canadian trade deficit and as WTI successfully extends latest recovery.
AUD/CAD is extending weakness for the 4th straight session, upside capped below 55-EMA.
Technical indicators have turned bearish. RSI has slipped below 50. Stochs are showing a rollover from overbought and 5-DMA has turned.
Employment data from Canada will be followed for fresh impulse. Scope for test of trendline support at 0.9215.
Canada’s unemployment rate is also expected to remain unchanged at 5.7% while the net change in employment may decline to 8.0K from 106.5K.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
