AUD/CAD chart on Trading View used for analysis
- AUD/CAD is extending downside for the sencond straight session, bias lower.
- The pair has been rejected at 200-DMA and we see any upside only on decisivebreak above.
- Risk-off action on the Asian equities and a non-eventful RBA minutes keep the Aussie on the back-foot.
- Technical indicators are turning bearish. Stochs and RSI are on verge of roll over from overbought levels.
- We see bearish divergence on Stochastics on daily charts which raises scope for downside.
- Dip till 110-EMA at 0.9494 likely. Further weakness only on break below.
Support levels - 0.9540 (38.2% Fib), 0.9494 (110-EMA), 0.9406 (cloud top)
Resistance levels - 0.9598 (5-DMA), 0.9657 (200-DMA), 0.9674 (50% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Bank of America Posts Strong Q4 2024 Results, Shares Rise
US Gas Market Poised for Supercycle: Bernstein Analysts
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 



