AUD/CAD chart - Trading View
AUD/CAD was trading 0.25% higher on the day at 0.8749 at around 09:20 GMT.
The pair is extending upside for the 4th straight session, bias remains bullish.
Technical studies support upside in the pair. Stochs and RSI are sharply higher. Volatility is rising as evidenced by widening Bollinger bands.
GMMA indicator shows major trend is neutral, while minor trend is bullish. MACD also supports uptrend.
Price action has edged above 50-DMA and 55-EMA, eyes next immediate resistance at 0.8792 (cloud base).
Focus on Canada employment data due later today along with China CPI for further impetus.
Scope for test of 200-DMA at 0.8951. Failure to hold above 21-EMA (0.8632) negates any bullish bias.


U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
China's Refining Industry Faces Major Shakeup Amid Challenges
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Stock Futures Dip as Investors Await Key Payrolls Data
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 



