AUD/CAD chart - Trading View
AUD/CAD trades range bound, largely muted at 0.9163 at 06:50 GMT.
Major trend in the pair is bearish, the pair grinds lower in 'Slopping Channel' pattern.
Price action has edged higher from multi-month lows at 0.9105, forming a 'Double Bottom'.
Minor pullbacks capped at 21-EMA which is currently stiff resistance at 0.9198.
Price action is below cloud and major moving averages. RSI is below 50.
However, a'Bullish Divergence' on RSI and Stochs keeps scope for upside.
Stochs are also biased higher and breakout at 21-EMA will see some upside.
The pair is consolidating break below 200H SMA. Stochastics RSI on the daily charts is at overbought levels.
Rejection at 21-EMA and breach at channel base support could see major weakness.
Support levels - 0.9105 (double bottom), 0.9090 (channel base), 0.90
Resistance levels - 0.9198 (21-EMA), 0.9282 (55-EMA), 0.93
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro: USD/ZAR edges higher, set to stay on back foot 



