FxWirePro: AUD/CAD slips below 5-DMA, Aussie dented on big miss in Australia Q4 capex

• AUD/CAD fails to break out of at major trendline resistance at 0.9975 (channel top).
   
• Aussie dented across the board on the back of a big miss in Australia Q4 capex data.
   
• Australia's seasonally adjusted capex fell 0.2% q/q in Q4 2017, missing markets expectations for a growth of 0.9 percent.
   
• The pair has slipped below immediate support at 5-DMA at 0.9937 and is currently hovering around 0.9915 levels.
   
• Technical indicators are biased higher. But we see upside only on break above 0.9975 (channel top).
   
• That said, bearish divergence on Stochs keeps scope for downside in the pair.
   
• 200-DMA at 0.9873 is major support. Violation at 200-DMA could see major weakness.
   
• On the upside, breakout at channel top could see test of 1.0052 (61.8% Fib retrace of 1.03458 to 0.9579 fall).

Support levels -0.9917 (21-EMA), 0.9873 (200-DMA), 0.9861 (110-EMA)

Resistance levels - 0.9937 (5-DMA), 0.9975 (major trendline), 1.00, 1.0052 (61.8% Fib retrace of 1.03458 to 0.9579 fall)

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