Thursday, October 15, 2026

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FxWirePro: AUD/CAD extends consolidation phase, focus on Australia Q2 CPI data

AUD/CAD trades a narrow range on the day, Doji formation seen on daily charts. The pair is trading a 'Cup and Saucer' formation and price action is extending consolidation after cup formation. Upside halts at stiff trend…

By FxWire Pro
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FxWirePro: AUD/CAD extends consolidation phase, focus on Australia Q2 CPI data
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  • AUD/CAD trades a narrow range on the day, Doji formation seen on daily charts.
     
  • The pair is trading a 'Cup and Saucer' formation and price action is extending consolidation after cup formation.
     
  • Upside halts at stiff trendline resistance by 0.9970, break above needed to resume upside.
     
  • The pair now finds support on the downside at 0.9817 (23.6% Fib of 0.9324 to 0.9970 rally). Break below will see next support at 0.9723 (38.2% Fib).
     
  • Momentum studies are bullish, RSI and MACD are biased higher.
     
  • We expect consolidation at current levels, before next leg higher. Weakness only below 0.9720 levels.
     

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By FxWirePro Team