- AUD/CAD struggles to break major resistance at 200-DMA at 0.9907.
- The pair has resumed upside today after minor weakness on Friday's trade.
- Price action has shown breakout above channel top at 0.9855, raising scope for further upside.
- Breakout at 200-DMA could propel the pair higher, scope then for test of 61.8% Fib at 1.0052.
- On the flipside, retrace into downward channel negates bullish bias. Surging oil prices underpin commodity-linked Loonie.
- Focus also on the Bank of Canada meeting this week. Markets have firm expectations for a rate hike. OIS is pricing an 87% chance of a hike.
Support levels - 0.9855 (channel top), 0.9845 (5-DMA), 0.9820 (20-DMA)
Resistance levels - 0.9907 (200-DMA), 1.00, 1.0052 (61.8% Fib retracement of 1.0345 to 0.9579 fall)
Recommendation: Watch out for break above 200-DMA to go long, target 1.00/ 1.0052
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/NZD steadies ahead of ECB meeting
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



