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AUD/CAD chart on Trading View used for analysis
- AUD/CAD down 0.16% on the day, at 0.9239 at the time of writing.
- Technical studies are bearish, we see scope for further weakness.
- Stochs and RSI are biased lower and RSI has fallen below 50 mark.
- Upside remains capped below 21-EMA at 0.9269, any further gains only on break above.
- On the flipside, we see weakness till 0.9105 (Oct 4th lows), further weakness on break below.
Support levels - 0.9175 (Oct 24 low), 0.9105 (Oct 4 low)
Resistance levels - 0.9252 (5-DMA), 0.9269 (21-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
