Friday, October 16, 2026

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FxWirePro: AUD/CAD edges lower from major resistance at 0.9463, upside only on break above

AUD/CAD has edged lower from major trendline resistance at 0.9463, further upside only on break above. Buying interest emerged for the Canadian Dollar after oil managed to stage a recovery from two-week low, from the vic…

By FxWire Pro
1 min read
FxWirePro: AUD/CAD edges lower from major resistance at 0.9463, upside only on break above
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  • AUD/CAD has edged lower from major trendline resistance at 0.9463, further upside only on break above.
     
  • Buying interest emerged for the Canadian Dollar after oil managed to stage a recovery from two-week low, from the vicinity of $48.00 mark.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-breaks-major-trendline-support-at-09463-downside-intact-220198) has achieved all targets.
     
  • Stochs on 2 hourly charts remain in overbought territory, while RSI remains neutral.
     
  • Techs are inconclusive, we prefer to remain on the sidelines for now.
     

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By FxWirePro Team