AUD/CAD rejects key support at 0.9594 level and rises sharply around 52 pips within a minute

• Pair is currently trading at 0.9711 levels.
   
• It made intraday high at 0.9723 and low at 0.9609 levels.
   
• Intraday bias remains bullish till the time pair holds key support level at 0.9594 levels.
   
• Today Australia released GDP data with positive figures at 0.6% Q/Q vs 0.5% market expectations.
   
• Both AUD$ and CAD$ are struggling against US dollar but CAD$ seems more weak.
   
• On the other side, daily close below 0.96 will turn bias bearish and drag the parity back below 0.93 levels.

We prefer to take long position in AUD/CAD around 0.97, stop loss 0.96 and target 0.9850 levels.