Thursday, October 15, 2026

Technicals

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FxWirePro: AUD/CAD extends range trade below strong trendline resistance

AUD/CAD was rejected by strong trendline resistance at 1.0035 on Monday and is extending downside to currently trade at 0.9967. The pair has been rejected multiple times at strong trendline resistance and any bullishness…

By FxWire Pro
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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AUD/CAD was rejected by strong trendline resistance at 1.0035 on Monday and is extending downside to currently trade at 0.9967.

  • The pair has been rejected multiple times at strong trendline resistance and any bullishness can be seen only on breaks above.
     
  • Formation of inverted hammers at highs on Monday and Tuesday trade builds scope for downside.
     
  • The pair has support at 0.9963 (5-DMA) and then at 0.9936 (10-DMA), breaks below will find next support at 0.9920 (cloud top).
     
  • On the upside we see strong resistance at 1.0030 (trendline) ahead of 1.0054 (Mar 9th highs).
     

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By FxWirePro Team