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.


Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: GBP/NZD remains bullish as rally continues
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Geopolitical Shocks That Could Reshape Financial Markets in 2025
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
European Stocks Rally on Chinese Growth and Mining Merger Speculation
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 



