Thursday, October 15, 2026

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FxWirePro: AUD/CAD downside halts at 38.2% Fib, further weakness only on break below

AUD/CAD has edged higher on the day after taking support at 38.2% Fib at 0.9816 levels. Upbeat Australia's jobs data released earlier today has buoyed the Aussie. Our previous call (http://www.econotimes.com/FxWirePro-AU…

By FxWirePro Team
1 min read
FxWirePro: AUD/CAD downside halts at 38.2% Fib, further weakness only on break below
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  • AUD/CAD has edged higher on the day after taking support at 38.2% Fib at 0.9816 levels.
     
  • Upbeat Australia's jobs data released earlier today has buoyed the Aussie.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-breaks-major-support-at-09920-scope-for-drop-till-09775-263626) has achieved TP1&2.
     
  • Intraday bias for the pair is higher, but weaklies shows some weakness. Stochs on the weekly charts are at overbought and on the verge of a rollover.
     
  • Break below 38.2% Fib (0.9816) will take the pair lower to test next major support at 0.9780 (50-DMA).
     
  • Violation there could see test of next major support at 0.9722 (50% Fib).
     
  • 20-DMA at 0.9926 is major resistance on the upside, break above needed to regain upside momentum.
     

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team