FxWirePro: AUD/CAD extends grind higher, breaks 78.6% Fib, scope for test of parity

• AUD/CAD has broken above 78.6% Fib of .0054 to 0.9324 fall, as it extends upside along the 'Cup' formation.
   
• Aussie buoyed by upbeat NAB Business confidence and Business conditions data, while Yen fell sharply on stimulus expectations.
   
• Upside to test next hurdle at 0.9962 and then 1.0026 levels.
   
• Techs are highly bullish, Stochs and RSI at overbought levels, so some caution advised.
   
• Our previous call (http://www.econotimes.com/FxWirePro-Watch-for-AUD-CAD-breakout-above-618-Fib-09775-for-test-of-099-levels-232713) is progressing.
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Recommend booking partial profits, raise stops to 0.9850, hold for 0.9962/ 1.00/ 1.0026.