FxWirePro: AUD/CAD extends range trade, hovers around 50-day MA

• AUD/CAD hovers around 50-DMA currently at 0.9834. Momentum studies neutral for the day.
   
• Pair struggles to close below 50-DMA which is strong support on the downside.
   
• But long upper wicks on daily candles suggests selling pressure at highs.
   
• Major support levels -0.9816 (trendline & 38.2% Fib), 0.9798 (Aug 29 low), 0.9767 (110-EMA).
   
• Major resistance levels - 0.9892 (double top Aug 18 & 23), 0.99 (20-DMA), 0.9933 (23.6% Fib).
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Recommendation: Short break below 0.9815, SL: 0.9860, TP: 0.9785/ 0.9767