Thursday, November 12, 2026

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FxWirePro: 0.9960 strong resistance for AUD/CAD, further bullishness only on breaks above

AUD/CAD has been trading a falling channel and price action has been contained within the cloud. Strong resistance for the pair lies at 0.9960 (channel top), further bullishness can be seen only on breaks above. Immediat…

By Jay L. Zagorsky
1 min read
FxWirePro: 0.9960 strong resistance for AUD/CAD, further bullishness only on breaks above
Image from the original EconoTimes article

AUD/CAD has been trading a falling channel and price action has been contained within the cloud.

  • Strong resistance for the pair lies at 0.9960 (channel top), further bullishness can be seen only on breaks above.
     
  • Immediate support on the downside is seen at 0.9873 (10-DMA) and then 0.9865 (5-DMA).
     
  • Downside in the pair is being supported above 5-DMA, breaks below could take the pair to 0.9710 and the  0.9660 levels.
     

Recommendation: Good to short on breaks below 0.9860, SL: 0.9930, TP: 0.9710/0.9660

 

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By FxWirePro Team