FxWirePro: AUD/CAD bounces off major trendline support at 0.9320, stay long

• On the daily charts, AUD/CAD has bounced off major trendline support at 0.9320 and edged higher.
   
• The pair hit highs of 0.9400 and has since pared some gains to currently trade around 0.9392 levels.
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-holds-major-trendline-support-at-09320-long-breakout-above-09368-213346) has hit TP1.
   
• Pair now finds immediate resistance at 0.9411 (5-DMA) and then 0.9425 (10-DMA).
   
• Downside finds support at 0.9368 (78.6% Fib retrace of 0.9150 to 1.0169), break below can see test of 0.9324 (double bottom Nov 11th 2015, May 26th).
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Recommendation: Book partial profits, raise trailing stops to 0.9360, hold for further upside.