FxWirePro: AUD/CAD capped below 61.8% Fib, break above could see minor bullishness

• AUD/CAD struggles at 61.8% Fib at 0.9734. Bias lower as long as trendline resistance at 0.9740 holds.
   
• Price action in the pair remains below major moving averages. 
   
• Momentum indicators are at oversold levels, so caution advised.
   
• Breakout above trendline resistance at 0.9740 with rollover from RSI and Stochs from o/s zone could see minor bullishness.
   
• We then see scope for test of 200-DMA at 0.9834. On the flipside, next major support lies at 0.9682 (Dec 20 low).
   
• Support levels - 0.97, 0.9682 (Dec 20 low), 0.96, 0.9578 (June 30 low), 0.9553 (78.6% Fib of 0.9322 to 1.0392 rally)
   
• Resistance levels - 0.9734 (61.8% Fib), 0.9740 (trendline), 0.98, 0.9834 (200-DMA)
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FxWirePro's Hourly AUD Spot Index was at 21.2092​ (Neutral), while Hourly CAD Spot Index was at -121.478​ (Highly Bearish) at 10:00 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.