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FxWirePro: AUD/CAD finds major resistance at 0.9980, break above likely to target 1.0062

AUD/CAD intraday bias higher. The pair finds major resistance at 0.9980 levels. Break above to target 1.0062 levels. Stochs biased higher, RSI strength seen above 60 levels. Major support levels - 0.9932 (23.6% Fib 0.932…

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FxWirePro: AUD/CAD finds major resistance at 0.9980, break above likely to target 1.0062
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  • AUD/CAD intraday bias higher. 
     
  • The pair finds major resistance at 0.9980 levels. Break above to target 1.0062 levels.
     
  • Stochs biased higher, RSI strength seen above 60 levels.
     
  • Major support levels - 0.9932 (23.6% Fib 0.9324 to 1.0120 rise), 0.9877 (50-DMA), 0.9861 (20-DMA)
     
  • Major resistance levels - 0.9976 (Sept 19 high), 0.9980 (trendline), 1.0 (Aug 12 high)
    ​

Recommendation: Good to go long on breakout above 0.9980, SL: 0.9830, TP: 1.0026/ 1.0062
 

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