AUD/CAD has broken strong trendline resistance at 0.9912 in Tuesday's trade and has closed above.
- The pair finds next strong resistance at 0.9990 levels (double top 17th Dec and Jan 28th).
- Breaks above could take the pair to 1.0085 and then 1.0110.
- Supports on the downside are located at 0.9960 (Jan 20th lows), 0.9954 (Jan 18th lows) and then 0.9950 (Jan 13th lows).
- Momentum studies are bullish, breaks below 0.9910 cloud invalidate our bullish bias.
Recommendation: Good to buy dips in the pair around 0.9970, SL: 0.9910, TP: 1.0/1.0085/1.0110
