Thursday, October 15, 2026

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FxWirePro: AUD/CAD finds major support by 50-DMA at 0.9812, weakness only on break below

AUD/CAD price action was rejected at session highs by 0.9868, pair currently trades around 0.9845 levels. Downside finds major support by 50-DMA at 0.9812, we see weakness only on break below. Momentum studies are neutra…

By FxWirePro Team
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FxWirePro: AUD/CAD finds major support by 50-DMA at 0.9812, weakness only on break below
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  • AUD/CAD price action was rejected at session highs by 0.9868, pair currently trades around 0.9845 levels.
     
  • Downside finds major support by 50-DMA at 0.9812, we see weakness only on break below.
     
  • Momentum studies are neutral, Stochs are on the verge of a rollover from oversold levels.
     
  • Close above 10-DMA at 0.9854 will see next hurdle at 20-DMA by 0.9917 and then 0.9932 (23.6% Fib).
     
  • Break below 50-DMA at 0.9812 will find next support at 0.9774 (cloud top) and then 0.9761 (Aug 19 low).
     

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By FxWirePro Team